New GST Set off Rule in GST Act w.e.f. 01.02.2019

New GST Set off Rule in GST Act w.e.f. 01.02.2019

New GST Set off Rule in GST Act w.e.f. 01.02.2019 W.E.F. 01.02.2019 GST set off Rule has been changed. Now a new order of utilization of ITC

authorEditordateFeb 12, 2019
Last update on Feb 12, 2019
New GST Set off Rule in GST Act w.e.f. 01.02.2019 W.E.F. 01.02.2019 GST set off Rule has been changed. Now a new order of utilization of ITC (IGST, CGST and SGST) has been introduced. Tax Credit to be Set Off IGST in old rule- IGST Input->CGST Input-> SGST Input IGST in New rule- IGST Input->CGST Input-> SGST Input(w.e.f. 01.02.2019) CGST in old rule- CGST Input->IGST Input CGST in New rule- IGST Input->CGST Input (w.e.f. 01.02.2019) SGST in old rule- SGST Input->IGST Input SGST in New rule- IGST Input->SGST Input (w.e.f. 01.02.2019) Please take care of the effects.
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