Explain the set off of IGST , CGST and SGST .
Dear Student,
Input CGST can be set off againist Output CGST first and second against Output IGST.
Input SGST can be set off against Output SGST first and second against Output CGST.
Input IGST can be set off against Output IGST first, Output CGST second and lastly against Output SGST.
For detailed study, you can go through the hereunder provided link. Go to topic Categorisation of Goods and Services Tax :-
https://www.meritnation.com/cbse-class-11-commerce/accountancy/financial-accounting-part-i/goods-and-services-tax-(gst)/studymaterial/161_17_394_24937_90058
Regards
Input CGST can be set off againist Output CGST first and second against Output IGST.
Input SGST can be set off against Output SGST first and second against Output CGST.
Input IGST can be set off against Output IGST first, Output CGST second and lastly against Output SGST.
For detailed study, you can go through the hereunder provided link. Go to topic Categorisation of Goods and Services Tax :-
https://www.meritnation.com/cbse-class-11-commerce/accountancy/financial-accounting-part-i/goods-and-services-tax-(gst)/studymaterial/161_17_394_24937_90058
Regards