banner_ad

Need help

631 views 21 replies

Please help in adjusting GST  One of my Client has the taxes as attached in Excel 

 

Thanks in Advance 


Attached File : 1854764 20170816193008 sample.xlsx downloaded: 131 times
Replies (21)

First use CGST credit to set off CGST liability and SGST credit to set off SGST liability. After this, there’ll be SGST credit of Rs. 1,900/- and CGST credit of Rs. 1,900/- left. Use it to set off IGST liability and balance payable will be Rs. 700/-.

Input tax

Output tax

IGST

IGST

CGST

SGST

CGST

CGST

IGST

SGST

SGST

IGST

UTGST

UTGST

IGST

Cross-utilization of credit is available only as above in that order. The main restriction is that the CGST credit cannot be utilized for payment of SGST or UTGST and vice versa.

Thank You Very Much For Your Information 

So 1900 SGST and 700 ISGT I need Pay Right Sir ?

Sir Please Dont Mind..Have a Look at Excel ..Are Calculations are Correct ?

Your calculation is exactly wrong....
IGST payable is Rs. 3623...
You set off following...
IGST Output = Rs. XXX
CGST Input = (-) Rs. XXX
SGST Input = (-) Rs. XXX
Then you get exact value....
How to opt out from composition

Plz help to opt out from composition

the option is same for opt in and opt out
the option is same for opt in and opt out

Ok Sir Thank You

but there is no option for opt out

You can wait for Opening Amendment section....
Composition to regular is anytime available. But, Regular to Composition is not available anytime. it's only next FY 18-19


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details