Question: cgst and sgst can be set off against igst?
Answer: As per new changes Section 49 (5) of CGST Act 2017 speaks about 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 ...