Input tax credit

Originally posted by : Yasir
	Input tax credit ledger February 2021 balancesIGST 2860SGST 1122CGST 1122Output Tax Liability March 2021CGST 2552SGST 2552 how to set off balance against ITC?

CGST: 2252 - 1430 (half of IGST ITC) - 1122 (CGST ITC) = liability nil

SGST: 2252 - 1430 (half of IGST ITC) - 1122 (SGST ITC) = liability nil

You need to first set off the CGST liability with CGST credit and SGST liability with SGST credit then set off the liabilities with IGST credit. You will get these details auto-filled by GSTN