Offset liability in gstr 3b
This query is : Resolved
15 November 2017
I have tax liabilities as follows:
Integrated tax: 686.79
Central tax: 15.18
State/UT tax: 15.18
I have eligible ITC as follows:
Integrated tax: 0.00
Central tax: 682.78
State/UT tax:682.78
How do I Offset the entire liability with the use of eligible ITC?
Please help
Integrated tax: 686.79
Central tax: 15.18
State/UT tax: 15.18
I have eligible ITC as follows:
Integrated tax: 0.00
Central tax: 682.78
State/UT tax:682.78
How do I Offset the entire liability with the use of eligible ITC?
Please help
15 November 2017
The following are the order of setoff!
1. IGST to IGST, then CGST, then SGST
2. CGST to CGST, then IGST
3. SGST to SGST, then IGST
Follow me on Twitter @CAysilkarunai for more interactions, updates etc.,!
1. IGST to IGST, then CGST, then SGST
2. CGST to CGST, then IGST
3. SGST to SGST, then IGST
Follow me on Twitter @CAysilkarunai for more interactions, updates etc.,!
15 November 2017
In GSTR 3B after submitted the Values are rounded Off as follows...
IGST Rs. 686.79 is Rs. 687
CGST Rs. 15.18 is Rs. 15 & Rs. 682.78 is Rs. 683
SGST Rs. 15.18 is Rs. 15 & Rs. 682.78 is Rs. 683
Now you can adjust as below...
CGST ITC Rs. 683 to CGST Rs. 15 and IGST Rs. 668 = Balance CGST Rs. 0.00
SGST ITC Rs. 683 to SGST Rs. 15 and IGST Rs. 19 = Balance in SGST Rs. 649... it's c/f to next month return
IGST Rs. 686.79 is Rs. 687
CGST Rs. 15.18 is Rs. 15 & Rs. 682.78 is Rs. 683
SGST Rs. 15.18 is Rs. 15 & Rs. 682.78 is Rs. 683
Now you can adjust as below...
CGST ITC Rs. 683 to CGST Rs. 15 and IGST Rs. 668 = Balance CGST Rs. 0.00
SGST ITC Rs. 683 to SGST Rs. 15 and IGST Rs. 19 = Balance in SGST Rs. 649... it's c/f to next month return
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