GST Set off rules changed w.e.f. 01st Feb 2019
The GST Amendment Act has been made applicable w.e.f. 1st Feb 2019. One of the important changes in the GST Amendments is that the manner of set off of Input Tax credit.
Before amendment, the GST was Set off as under :-
[table id=32 /]
As per the new rules as applicable from 1st Feb 2019, the following will be new set off procedure :-
[table id=33 /]