Help required to setoff GST liabilities

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This query is : Resolved

Debasish Pramanick (Querist)

04 May 2018 I have the following scenario... Input CGST Rs. 73493/- Input CGST(RCM) Rs. 2645/- Input SGST Rs. 73493/- Input SGST(RCM) Rs. 2645/- Input IGST Rs. 43244/- Output CGST - 52785/- Output SGST - 52785/- Output IGST - 161436/- Kindly help me to set off tax liabilities.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

05 May 2018 Output IGST 161436-input IGST 43244 - CGST 23353 - SGST 23353 Pay IGST 71486.
Output CGST 52785- input CGST2645(RCM)+ 73493 no CGST payable.
Output SGST 52785- input SGST 2645(RCM)+73493 no SGST payable.

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Debasish Pramanick

Debasish Pramanick (Querist)

06 May 2018 Thank you sir, I have some questions, it will so kind of you if you could clarify them... 1. Is there any order like CGST has to be set off first followed by other GST? 2. I have paid the amount of RCM so will it be added with Input? 3. Why the balance ITC of CGST and SGST won't be setoff against balance Liabilities of IGST?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

06 May 2018 1 Yes rules are there see the link.
https://www.greengst.com/how-to-set-off-input-tax-credit-in-gst-regime/
2 Yes RCM paid will be added to the input.
3 Yes balance CGST and SGST can be adjusted against IGST liabilities earlier answer stand corrected.

Debasish Pramanick

Debasish Pramanick (Querist)

08 May 2018 Sir I can't understand your calculation as you have adding

Debasish Pramanick

Debasish Pramanick (Querist)

08 May 2018 Sir I can't understand your calculation as you have adding

Debasish Pramanick

Debasish Pramanick (Querist)

08 May 2018 Sir I can't understand your calculation as you have added RCM with output GST instead of input GST and also the value output cgst was witten by you as rs 43785 where I have mentioned it as 52785. is there any calculation also the amout of SGST amount you have written as 57785... could you plz xplain the reason!

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

08 May 2018 Rightly pointed out the errors now see the calculation is corrected.

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