Swadeshi Pvt. Ltd., a registered person in Lucknow (Uttar Pradesh) under GST Laws is a supplier of goods and pays GST tax under regular scheme. It has made the following transactions for the month of November, 2023: (i)

Computation of GST Payable on outward supplies for November 2023 Sr. No. Particulars CGST @ 9% SGST @ 9% IGST @ 18% Total (i) Intra-state supply of goods to R worth ₹ 8,00,000 72,000 72,000 Nil 1,44,000 (ii) Inter-state supply of goods to M worth ₹ 5,00,000 Nil Nil 90,000 90,000 Total GST payable 72,000 72,000 90,000 2,34,000 Computation of Total Input Tax Credit (ITC) available for November, 2023 Particulars CGST @ 9% SGST @ 9% IGST @ 18% Opening ITC 54,000 4,000 70,000 Add: ITC on Intra-state purchase of goods from J Ltd. (₹ 2,00,000 * 9%) 18,000 18,000 Nil Add: ITC on Inter-state purchase of goods from Paras (₹ 3,00,000 * 18%) Nil Nil 54,000 Total ITC Available 72,000 22,000 1,24,000 Computation of Minimum GST payable head-wise from Electronic Cash Ledger for November 2023 Particulars CGST @ 9% SGST @ 9% IGST @ 18% Total GST payable 72,000 72,000 90,000 2,34,000 Less: ITC [First ITC of IGST should be utilized in full-first against IGST liability and then against CGST and SGST liabilities in a manner to minimise cash outflow] Nil (34,000) IGST (90,000) IGST (124000) Less: ITC of CGST and SGST set off against CGST and SGST respectively (72,000) CGST (22,000) SGST Nil (94,000) Minimum GST payable in cash Nil 16,000 Nil 16,000 Note: Since sufficient balance of ITC of CGST is available for paying CGST liability and cross utilization of ITC of CGST and SGST is not allowed, ITC of IGST has been used to pay SGST (after paying IGST liability) to minimise cash outflow.