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ITC setoff new mechanism

ITC / Input 445 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.


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