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How to adjust GST Liability

Home Forums GST returns related Questions Answers How to adjust GST Liability

This topic contains 1 reply, has 1 voice, and was last updated by  Jayakumar Thiruvenkataswamy 8 months, 3 weeks ago.

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  • #10932 Reply

    Vineet

    We used to deal inter state sale of goods. Liability on inter-state sales was settled in cash as IGST. Now we are dealing only in Intra-State sale of goods for which our monthly liability comprise of SGST & CGST. One of our Inter-State Buyer has returned the goods for which we need to issue a credit note with IGST to reduce our output liability. Since there is not IGST output liability in the current month, how is credit note with IGST going to reduce my output liability?

    #11196 Reply

    Jayakumar Thiruvenkataswamy

    for professional service, kindly mail to info@taxmacs.com

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