GST: Old & New Set off Rules in a Chart

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GST: Old & New Set off Rules in a Chart

GST: Old & New Set off Rules in a Chart

 

Old GST Set Off Rule

Tax Credit to be set off Order to  utilisation
IGST  Output IGST Input – CGST Input – SGST Input
CGST  Output CGST Input – IGST Input
SGST   Output SGST Input – IGST Input

 

New GST Set Off Rules  w.e.f  1st Feb 2019

 

Tax Credit to be Set Off Order Utilisation
IGST  Output IGST Input – CGST Input – SGST Input
CGST  Output IGST Input –CGST Input

(Chenged  w.e.f .  1-2-2019)

SGST   Output IGST Input – SGST Input

( Chenged  w.e.f  1-2-2019 )

 

1 COMMENT

  1. Hello sir, this is pradeep from Bangalore, i am working with Freight forwarding company. Need small clarification for TAX INVOICE Rules.
    As of now we are raising separate invoice for Taxable amount and Non taxable amount. we received complaints from customer to raise single invoice for taxable and Non taxable. as per GST Rules and other forms advise we are raising two invoice. can we get any notification from the department to raise separate invoice ?
    kindly help me. thank you
    Best regards
    Pradeep.A

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