My outward gst as follows IGST 1555.20 CGST 27451.62 SGST 27451.62 ITC AS PER GST PORTAL IGST 28527.69 CGST 5653.50 SGST 5653.50 AMOUNT GENERATED TO PAY 21798.00 HOW?
There is a sequence for utilization of ITC, first IGST will be used for payment of IGST,CGST,SGST in this order.
So 28527 is used to discharge 1555 IGST, then 26972 CGST Remaining CGST of 479 Rs is paid using CGST. The remaining CGST ITC cannot be used now. SGST is paid 5653 using SGST ITC and remaining SGST is paid using CASH hence 27451-5653 = 21798 is to be paid using Cash.
Balance CGST ITC may be used in upcoming months.
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