Escolar Documentos
Profissional Documentos
Cultura Documentos
(GST)
CA. Amit Choudhari
Topics
(1) Levy of, and exemptions from, tax
including composition scheme
(2) Time of Supply of goods
(3) Time of Supply of services
(4) Value of supply of goods
(5) Value of supply of services
(6) Input tax credit vs matching of return
Topics
Composition Levy
Composition Levy
Topics
Time of supply
Topic
Utilisation of credit
Utilisation of credit
IGST shall be utilised first towards payment of
IGST and the remaining amount, if any, can be
utilised towards payment of CGST and SGST
CGST shall be utilised first towards payment of
CGST and the remaining amount, if any, can be
utilised towards payment of IGST.
SGST shall be utilised first towards payment of
SGST and the remaining amount, if any, can be
utilised towards payment of IGST
There is no cross credit utilization permitted
between CGST and SGST.
Utilisation of credit
Utilisation of credit
IGST shall be utilised first towards payment of
IGST and the remaining amount, if any, can be
utilised towards payment of CGST and SGST
CGST shall be utilised first towards payment of
CGST and the remaining amount, if any, can be
utilised towards payment of IGST.
SGST shall be utilised first towards payment of
SGST and the remaining amount, if any, can be
utilised towards payment of IGST
There is no cross credit utilization permitted
between CGST and SGST.
Transitional Provisions