tax adj6
mohan (Tax Consultant ) (181 Points)
29 March 2018
Hi sir my claint purchase only with in state but sales only other states how can I adjust input taxes
3 Replies
A.Kishore Kesav
(810 Points)
Replied 29 March 2018
As Ur sales is with other states...then there will be IGST liability
As Ur client purchased within the state...then there will be CGST and SGST credit
Thus...CGST credit only will be adjusted with IGST liability
The remaining SGST credit can be adjusted with respective SGST liability only
As Ur client purchased within the state...then there will be CGST and SGST credit
Thus...CGST credit only will be adjusted with IGST liability
The remaining SGST credit can be adjusted with respective SGST liability only
CA Naveen Chand
(Chartered Accountant)
(12734 Points)
Replied 29 March 2018
| Originally posted by : mohan | ||
 |
Hi sir my claint purchase only with in state but sales only other states how can I adjust input taxes |  |
SO THAT MEANS YOU HAVE ONLY CGST & SGST INPUT DUE TO INTRA STATE PURCHASES
AND THE TAX LIABILITY IS IGST DUE TO INTER STATE SALES
SO FIRST, IGST IS ADJUSTED WITH CGST THEN BALANCE WITH SGST AND BALANCE IGST PAYABLE TO BE PAID WIT CASH
mohan
(Tax Consultant )
(181 Points)
Replied 29 March 2018
So we can adjust against IGST first CGST then balance we can adjust SGST...? remaining refund
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