I have gst liability rs.2 lac for the month of Nov 18. cgst 1 and sgst 1
but in ECL i have only CGSt credit of rs.1.5 lac ... what can I do?
ECL only has cgst credit
Replies (5)
Your query not cleared...!
Pls elaborate with details...
What is Your actual liability under IGST, CGST & SGST...?
2 lakhs is what...?
Pls elaborate with details...
What is Your actual liability under IGST, CGST & SGST...?
2 lakhs is what...?
you have to pay in cash 50 k in cgst ledger
and 1 lakh for sgst in cash
and 1 lakh for sgst in cash
You have to pay 1L cash for SGST.
Credit of cgst 1.5L can only setoff against cgst & igst but cannot setoff against sgst
Credit of cgst 1.5L can only setoff against cgst & igst but cannot setoff against sgst
Payable CGST 1lac, SGST 1lac
ECL Balance : CGST 1.5Lac
Net Payable
CGST : 1 lac - 1lac = Nil
SGST : 1lac
ECL Balance : 50k of CGST
ECL Balance : CGST 1.5Lac
Net Payable
CGST : 1 lac - 1lac = Nil
SGST : 1lac
ECL Balance : 50k of CGST
If you have only CGST credit in electronic credit ledger then in present situation you have to pay Rs. 100000 under SGST head
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