ECL only has cgst credit

ITC / Input 281 views 5 replies

Master of Commerce & CA inter 1st group

156 Points Joined August 2013

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?

Replies (5)

"Do the Right Thing...!!!"

128111 Points Joined January 2015

Your query not cleared...!
Pls elaborate with details...

What is Your actual liability under IGST, CGST & SGST...?
2 lakhs is what...?

CA Final student

7101 Points Joined April 2018

you have to pay in cash 50 k in cgst ledger
and 1 lakh for sgst in cash

Article

1276 Points Joined October 2018

You have to pay 1L cash for SGST.

Credit of cgst 1.5L can only setoff against cgst & igst but cannot setoff against sgst

GST Practitioner

55062 Points Joined June 2017

Payable CGST 1lac, SGST 1lac
ECL Balance : CGST 1.5Lac

Net Payable
CGST : 1 lac - 1lac = Nil
SGST : 1lac
ECL Balance : 50k of CGST

35 Points Joined November 2018

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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