Tuesday, August 15, 2017

GST :- Setoff GST Liability with GST Input Credit

Friends,  It is a big question in GST that How can we adjust GST.   It depends in GST Input Credit .   We have to adjust input with liability instead of liability with input.  To get more clarity we should read below article in detail :-
As per the GST act, input tax credit can be adjusted against your GST liability as shown below:

Input tax credit
Set off against tax liability
CGST and IGST (in this order)
SGST and IGST (in this order)
IGST, CGST, and SGST (in this order)

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