ECL only has cgst credit

GOKUL K JADHAV (Master of Commerce & CA final Student) (156 Points)

09 December 2018

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?

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5 Replies

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 09 December 2018

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

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

pritesh (CA Final student) (7101 Points)
Replied 09 December 2018

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

Mayur Patil (Article) (1276 Points)
Replied 09 December 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

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 09 December 2018

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

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

Avinash Kumar (35 Points)
Replied 09 December 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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