ITC setoff new mechanism

462 views 4 replies
No clearance on gst portal about new ITC setoff mechanism started from 01.02.19. Plz clarify how to setoff ITC because portal suggesting old system of ITC setoff.
Replies (4)

Hello Vikas,

New ITC mechanism is working fine, you just have to manually adjust it.

Thanks

HELLO, SIR ITC MANUALLY EDIT KR RHA H, BUT OFFSET NHI HO RHA . WHAT'S THE SOLUTION

The Set-off option is working correctly, please check if there is any Late Fee due, which you have to pay in cash, it'll possibly the reason of not setting off. Further, if there is any balance left in CGST Input Account and you are trying to consume SGST against IGST then also it won't accept as you have to first utilise CGST agasint CGST or IGST completely.

Can u kindly guide me as to whether the system will accept the offset of liability as per old rules if I edit it manually, as the system allows to edit it? I am paying for the month of March.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details