Gst entry

if we have excess gst input over gst outward..what entry we should made at the end of month
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Quick Summary
This discussion explains the accounting entry required when your GST input tax credit is greater than your GST output tax. It clarifies that you should debit the output and credit the input difference, resulting in a debit balance on your GST portal. The post also includes information on extended due dates for filing GSTR-3B for various taxpayer categories during February, March, April, and May 2020, due to specific government notifications.

Debit the output and credit the input difference will be gst payable which will have debit balance that means you have that debit balance in your credit ledger on gst portal
FOR INFORMATION PURPOSE ONLY :

As per Notification No. 31/2020 - Central Tax, dated 03.04.2020 read with Notification No. 32/2020 - Central Tax, dated 03.04.2020, Due Date for filing FORM GSTR -3B for the month of February, March and April 2020 for the Taxpayers having Aggregate Turnover more than Rs. 5 crore in the preceding FY have been extended in the following manner :

FEBRUARY : 24.06.2020.
MARCH : 24.06.2020.
APRIL : 24.06.2020.

And as per Notification No. 36/2020 - Central Tax, dated 03.04.2020, due date for filing FORM GSTR -3B for the month of MAY 2020 have been extended to "27th June 2020".

TAXPAYERS HAVING AGGREGATE TURNOVER upto Rs. 1.5 crore in the preceding FY ( Notification No. 31/2020 - CT, Notification No. 32/2020 - CT and Notification No. 36/2020 - CT all dated 03.04.2020 )

FEBRUARY : 30.06.2020
MARCH : 03.07.2020
APRIL : 06.07.2020
MAY : 12.07.2020 & 14.07.2020. ( For specified catagory of States, different due date prescribed ).

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