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unable to set off ITC

AMBER (Student) (160 Points)

17 August 2017

Sir
I am filing Form 3B, but unable set off ITC against my Liability
what to do.Kindly suggest
Thank You

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11 Replies

PRABIR PAUL (*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.) (1443 Points)
Replied 17 August 2017

Why u unable?

Pravendra Kumar (20 Points)
Replied 17 August 2017

how to delete gst generated challan

CA Sathish Reddy (Articles) (352 Points)
Replied 17 August 2017

Originally posted by : Pravendra Kumar
	how to delete gst generated challan

We cant delete the challan but it will be expired automatically within 15 days if the payment not paid

1 Like

AKASH JN (CHARTERED ACCOUNTANT) (81 Points)
Replied 17 August 2017

Hello,

i am not able to set off my ITC credit for july month against july month liability of Gst,

how to set off, is there any specific option

PRABIR PAUL (*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.) (1443 Points)
Replied 17 August 2017

Why you couldn't able to set off?

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Replied 17 August 2017

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Gaurav Palta (484 Points)
Replied 17 August 2017

For setting off liability you have to submit the 3B first.Then you have to go to payment of tax. Liability will be set off only if you have sufficient balance in cash ledger for payment of balance tax if any.If you have then you press "offset liability" and liability will be NIL.then you file the return.

1 Like

Umesh V Naig (Statutory Analyst) (452 Points)
Replied 13 January 2018

is the TRANS 1 credit can be offset against the current month liability say July 17 or subsequent months

Shankar Sharma (505 Points)
Replied 13 January 2018

@ Umesh Naig. Yes you can. If the credit is there, you can set it off anytime.

Umesh V Naig (Statutory Analyst) (452 Points)
Replied 13 January 2018

TRANS 1 was submitted on 27.12.17 but could not filed due to DSC problem, however portal is showing a credit , due to DSC not used it is not allowing , what should be the next step

Priya Singh (2 Points)
Replied 20 October 2020

Yes Mr. Gaurav. But despite of having the sufficient balance in cash ledger i am unable to set off my liability. I have no idea why this is happening. On clicking on 'Make Payment/ Post Credit to Ledger' tab the page is reloaded but liability is not being set off. Anyone kindly guide.