SET OFF OF LIABILITY UNDER GST

This query is : Resolved 
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This discussion explains how to calculate GST liability using Input Tax Credit (ITC). It demonstrates that while ITC can offset some liabilities, a cash payment might still be required if ITC is insufficient to cover the full amount. The example shows a specific scenario where a portion of the SGST liability needs to be paid in cash due to limited ITC.

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(Querist)
21 February 2022 PARTICULARS IGST SGST CGST
OP. ITC 0.00 0.00 0.00
ITC JAN'22 600000 23000 23000
TOTAL ITC =====> 600000 23000 23000

OUTWARD ITC 110000 280000 280000

IF TELL ME HOW MUCH I HAVE PAY IN THE ABOVE CASE ON AN URGENT BASIS
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 February 2022 No need to pay any GST set off against ITC available.
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CA Puja Sharma

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CA Puja Sharma (Expert)
21 February 2022 You have to GST of Rs. 24,000 via cash because of shortage of ITC.
You have to pay SGST liability in cash
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