tax liability
igst. 800
cgst 10000
agar 10000
ITC available
igst. OOO
cgst. 5000
agar. 5000
pl explain how could I set of tax liability
and how much to pay cash
4 Replies
CA Nipun Goyal
(Practicing Chartered Accountant)
(159 Points)
Replied 27 August 2017
SGST can be utilised against SGST and IGST Liability.
It is assumed that SGST is mistyped as AGAR, hence SGST ITC of Rs. 5000 can be utilised against SGST Liability of Rs. 10000 and CGST ITC of Rs. 5000 can be utilised against CGST Liability of Rs. 10000.
Therefore, amount to be paid is
IGST - Rs. 800
CGST - Rs. 5000
SGST - Rs. 5000
Total - Rs. 10800
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