Goods and Services Tax – Started By: – Yash Jain – Dated:- 29-8-2018 Last Replied Date:- 11-9-2018 – Dear Sir/Madam,We had exported goods as zero rated in FY 2017-18 against which we had accumulated significant ITC (input tax credit), in form of CGST and SGST.But in FY 2018-19, due to strong domestic sales (inter state) we have utilized full ITC (CGST) portion , leaving us with balance of SGST only.Now my question in this regard is as follows,1. Can I claim CGST credit portion from SGST balance apart from SGST refund.2.If I m not eligible for CGST refund from sgst portion, then can I apply for SGST portion atleast.Please replyRgds – Reply By Ramaswamy S – The Reply = SGST can be utilised for payment of IGST.SGST cannot be utilised for CGST.Regards,S.Ramaswamy – Reply By Yash Jain – The Reply = Dear Sir,Thanks for the Reply.But my query is that as to whether Can i Claim ITC Refund For SGST Only (As in my Electronic Credit Ledger at present I Only have SGST Balance. My CGST & IGST B
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e main purpose of Claiming Refund is to convert Input into cash and Save CC Interest, please. – Reply By KASTURI SETHI – The Reply = Why you say IGST refund from SGST input specifically ? This is question is not correctly phrased. – Reply By KASTURI SETHI – The Reply = Read, This question is not properly drafted . – Reply By Yash Jain – The Reply = Dear Sir,I Regret for Inconvenience caused if any.Sir, at Present in My Electronic Credit Ledger I only have SGST Input (My CGST & IGST Input are zero ).But while making Exports Sir, I had procured Goods by Paying IGST. (At present My IGST Input is Nil ).Now, In Offset Meachanism, Leaving Set Off of CGST and SGST among themselves, all other combination are permissible i.e Offsetting of1. IGST Liability (by Way of IGST (First) + CGST (Second) + SGST (Third)) and similarly for 2.CGST Liability (By Input of CGST (First) + IGST (Balance)3. SGST Liability (SGST (First) + IGST (Balance) ) InputHence if the Law Permits to Set off the SGST Liabi
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377; 50/- . The government has issued the Circular No.:349/21/2016-GST Dated 04th September,2018 were in vide para 3.2 (part b) (Page No.:2) The abstract of the Circular is as under, 3.2 After calculating the Least of three amounts, as detailed above, the equivalent amount is to be debited from the Electronic Credit Ledger of the claimant in the following order,; a. Integrated tax to the extent of Balance Available b. Central Tax and State Tax/UT Tax equally to the extent of the balance available and in the event of short fall in the balance available in a particular electronic credit ledger (say Central Tax), the differential amount is to be debited from the Electronic Credit Ledger, in this case Hence please inform us that whether I can claim CGST Input from my Available SGST Input Balance in Electronic Credit Ledger. But my question to circular is, if the GST Law in itself does not allow offsetting among SGST & CGST (Rationalization of ITC Utilization) then how can this circular
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