Liability in GSTR 9

This discussion clarifies whether Input Tax Credit (ITC) from the current financial year can be used to offset liabilities reported in the GSTR 9 for the financial year 2017-18. The consensus is a firm 'no'. Liabilities arising in GSTR 9 must be settled using the cash ledger, not by utilising electronic credit ledger balances from a later period. Notification 74/2018 CT specifically mandates payment through cash.