Question

how is Input cgst and sgst adjusted against output cgst and sgst when Input cgst and sgst is more than output cgst and sgst (in ledger A/c).
Answer in detail

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Answer 1

Answer:

Section 49 (5) of CGST Act, 2017 provides manner of utilizing Input Tax Credit (ITC) for payment of GST output tax liability, e.g IGST can be set off against IGST and then CGST and SGST, CGST can be set off against CGST and then against IGST, and SGST can be set off against SGST and then against IGST.

Answer 2

Answer:

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