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Payment query

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HARSH TRIVEDI

63 Points Posted on 22 February 2021

i have opted for quarterly return and now :

Sgst Output tax liability is 15000

Cgst Input available is 15966

can i set off these two and not make payment ?

Replies (4)

Quick Summary

This discussion clarifies a query regarding GST payment for quarterly returns. The user asked if their CGST input tax credit could be used to offset their SGST output tax liability. The response confirms that CGST input tax credit cannot be directly used to offset SGST output tax liability; payment must be made via challan for SGST.

Rama chary Rachakonda

Master in Accounts & high court Advocate

9620 Points Posted on 22 February 2021

yes. Certainly you can set off. follow the system below.

How is input tax credits adjusted?

To pay IGST – First IGST credit will be used followed by CGST or SGST as per the taxpayer's preference.
For paying CGST – Starting from CGST credit and then IGST credit will be used.
To pay SGST – First SGST credit and the IGST credit will be used.