Question ID :
29580
Is utilization of credit of IGST possible against SGST and CGST only if there is IGST also payable?
During filing GSTR-3B, unable to set off CGST SGST liability from credit of IGST of previous months and current month.
As per CBEC and GST helpdesk - Credit of IGST can be used against CS GST liability, Only if there is something output liabity of IGST. If no IGST liability then Credit of IGST can not be utilized for C S GST liability.
Is it correct?
Posted by
SUBHASH CHAND
on
Apr 18, 2018
Filed Under
GST
No. IGST input can be utilized for payment of IGST, CGST and then SGST. There is no condition of IGST payable.
Posted by
VINAY BHARGAV KUMAR G on
Apr 19, 2018
Answer ID :
65519
yes, you canuse IGST credit for S,C I.
Posted by
CA. SATISH CHAND GARG on
Apr 19, 2018
Answer ID :
65522
This error is resolved. It is occurring due to technical error in GST portal i.e.
Input credits are rounded off e. g. 7754.72 7755 however during set off system allow settlement with accurate figures otherwise portal shows "U do not hv sufficient ITC balance ..." and we need to change the auto populated figures with actual figures. Screen shoots of error are available.
Posted by
SUBHASH CHAND on
Apr 20, 2018