Offset liability in gstr 3b

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This query is : Resolved

Ashu Patel (Querist)

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

CA Ysil Karunai

CA Ysil Karunai (Expert)

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.,!

RAJA P M

RAJA P M (Expert)

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

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