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
Menu
set off tax liabiliry
Replies (4)
what is agar?
agar???
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
thanks
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
