watch_later 22/02/18

What is the sequence of setting off various taxes under GST Regime i.e., IGST,CGST & SGST.

1 Response | Latest response: 22/02/18 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 22/02/18

IGST can be setoff against CGST or SGST.

CGST and SGST cannot be setoff against each other.

In my opinion it is best to setoff same heads first instead of using IGST.

If you have input in CGST, setoff against CGST first, similarly do for SGST.

It is better to leave balance in IGST instead of CGST and SGST. You can use IGST against both heads.


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