I make raw material purchases in IGST whereas I make sales in sgst. Can I not offset sgst liability with igst input credit ?

I make raw material purchases in IGST whereas I make sales in sgst. Can I not offset sgst liability with igst input credit ?

Asked on February 1, 2018 in Miscellaneous.
Add Comment
2 Answer(s)

Yes, you can setoff IGST against SGST liability.

Answered on February 1, 2018.
Add Comment

For offset you have to first adjust full Cgst liability with Igst then remaining balance of Igst will offset with Sgst and if any extra amount payable you will make payment in cash ledger of Sgst then you can able to offset.

Answered on February 3, 2018.
Add Comment

Your Answer

Gen GST