Liability set off confusion

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89 Points Posted on 29 January 2020
R/ Sir I set off my GST liability arisen in GST R9 with credit ledger as shown in DRC 03
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On 29 January 2020 at 21:08 Report
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This discussion clarifies a common point of confusion regarding GST liability set-off. It explains that you cannot use your Input Tax Credit (ITC) ledger to pay off liabilities that arise specifically in your GSTR-9 annual return. Instead, any voluntary payments for GSTR-9 liabilities must be made through the cash ledger, typically via Form DRC-03, as per relevant notifications.

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1184 Points Posted on 29 January 2020
You can not make payment from ITC for liability arose into GSTR-9.
however you could make voluntary payment through ITC in form DRC-03 before filing of DRC-03
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On 29 January 2020 at 22:42
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GST Practitioner
55067 Points Posted on 30 January 2020
You cannot payoff/Set-off liability arising in annual return from your Credit Ledger. you can only set-off your liability from Cash Ledger by filing DRC 03 (Refer Notification 74/2018 CT)
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On 30 January 2020 at 00:12

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