Payment query

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)     22 February 2021

yes. Certainly you can set off. follow the system below.

How is input tax credits adjusted?

1. To pay IGST – First IGST credit will be used followed by CGST or SGST as per the taxpayer's preference.
2. For paying CGST – Starting from CGST credit and then IGST credit will be used.
3. To pay SGST – First SGST credit and the IGST credit will be used.

HARSH TRIVEDI   22 February 2021

CA Altamush Zafar (GST Consultant)     22 February 2021