Credit ledger balance

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accountant
953 Points Posted on 16 June 2020
my cgst balance is 1 lakh, but sgst is 7 lakhs... so i have to pay GST un necessarily against my local sale....is there any option ro transfer my SGST balance to CGST
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On 16 June 2020 at 19:24 Report
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This discussion addresses a common GST query regarding the imbalance between CGST and SGST credit ledgers. The user has a significant SGST balance but needs to pay GST on local sales due to insufficient CGST credit. While direct transfer of SGST to CGST isn't possible, the advice suggests utilising any available IGST balance first to offset SGST and then CGST liabilities.

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4215 Points Posted on 16 June 2020
No chance to do like this
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On 16 June 2020 at 21:37
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GST Practitioner
55067 Points Posted on 16 June 2020
Do you have IGST balance after adjusting it with IGST Output ??
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On 16 June 2020 at 23:30
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accountant
953 Points Posted on 17 June 2020
Yes, i have IGST balance
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On 17 June 2020 at 10:48
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GST Practitioner
55067 Points Posted on 17 June 2020

Then adjust the maximum balance against SGST & then in CGST

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On 17 June 2020 at 19:14

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