SGST:Under GST, SGST is a tax levied on Intra State supplies of both goods and services by the State Government and will be governed by the SGST Act.Note:Any tax liability obtained under SGST can be set off against SGST or IGST input tax credit only. ...
Under SGST, if there is any tax liability, it can only be set off against SGST or IGST input tax credits. What is the Central Goods and Services Tax (CGST)? CGST is the final category of GST. It’s a tax levied on intrastate supplies of goods and services by the central government,...
SGST ITC – can be used to offset SGST and IGST (in that order) IGST ITC – can be used to offset IGST, CGST and SGST (in that order) Please note, that CGST and SGST cannot be set off against one another. The above set-off order was amended and the following is the new order ...