Input Output adjustment GSTR3B

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Pivate
1477 Points Joined July 2019
Sir,

please advise i have output liability Rs. 39000/- CGST and 39000/- SGST i have ITC rs. 16000/- IGST, and CGST 75000/- and 17000/- Total ITC Rs.108000/- But Sir after adjustment portal prepare Challan Of Rs. 6000/- for cash please suggest how to adjust input output
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On 17 October 2024 at 12:42 Report
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Master in Accounts & high court Advocate
8778 Points Joined December 2011

You have:

Output Liability: - CGST: Rs. 39,000

- SGST: Rs. 39,000

Input Tax Credit (ITC): -

IGST: Rs. 16,000 -

CGST: Rs. 75,000 -

SGST: Rs. 17,000

Total ITC: Rs. 108,000

To adjust the input-output liability:

1. First, adjust the IGST ITC (Rs. 16,000) against the output IGST liability (not mentioned in your query, assume it's zero)

. If there's no output IGST liability, this ITC can be used to adjust CGST or SGST liability.

2. Use the CGST ITC (Rs. 75,000) to adjust the CGST output liability (Rs. 39,000).

This will leave a balance of Rs. 36,000 (Rs. 75,000 - Rs. 39,000) in CGST ITC.

3. Use the SGST ITC (Rs. 17,000) to adjust the SGST output liability (Rs. 39,000). This will leave a balance of Rs. 22,000 (Rs. 39,000 - Rs. 17,000) in SGST liability, which needs to be paid in cash.

4. The remaining CGST ITC balance (Rs. 36,000) can be used to adjust the SGST liability (Rs. 22,000). This will leave a balance of Rs. 14,000 (Rs. 36,000 - Rs. 22,000) in CGST ITC, which can be carried forward.

5. The portal is showing a Challan of Rs. 6,000 for cash payment, which likely represents the remaining SGST liability (Rs. 22,000 - Rs. 16,000 = Rs. 6,000).

To avoid the cash payment, you can: - Re-check your ITC calculations and ensure you've used all eligible ITC

 - Verify if you have any other ITC available (e.g., from previous periods). - Consider adjusting your output liability or ITC in the next period if possible. 

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On 17 October 2024 at 13:51
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Pivate
1477 Points Joined July 2019
Sir, Potal not allowing to adjust SGST liability with CGST ITC as your mention seriol no. 4
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On 17 October 2024 at 14:39
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Master in Accounts & high court Advocate
8778 Points Joined December 2011

Please go through my answer again.you have done mistake as per your version itseems 

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On 17 October 2024 at 14:51


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