Please correct this gst accounting entry

I have attached pdf here. Please check it.

Entries will be as follows .

1) Purchase A/c Dr       100000/-

Input  CGST  A/c  Dr  9000/- 

Input  SGST A/c   Dr  9000/- 

To Creditors A/Cr                  118000/-
( Booking entry of intra-State purchase )

2) Customer A/c Dr 236000/-

    To Other Income A/c Cr          200000/-

    To Output  CGST A/c Cr            18000/- 

    To Out Put SGST  A/c CR          18000/- 
( Booking entry of intra-State service provided )

payable entry (  Your  out put  CGST 18000/- Output SGST 18000/-  ,  Input CGST  9000/-  and Input SGST  9000/-  balance  payable  CGST 9000/- and SGST 9000/- ) 

Out put CGST  A/c Dr   18000/-

Output  SGST  A/c DR  18000/- 

To Input  CGST A/c  Cr                          9000/-

To Input  SGST A/c  Cr                          9000/-

 To  CGST  payable   A/c  Cr                 9000/- 

 To  SGST  Payable   A/c   Cr                9000/- 

( Being CGST & SGST  payable to Govt Account ) 

Sir as per your entries I have Rs.36000 in output igst and Rs. 18000 balance in input igst. In set off step I can claim 50% (for banking companies)of input only i.e.,Rs.9000 will be transferred from output to input gst.

Now I have  output liability of Rs.27000 and input balance of Rs.9000 right. I did set off now. Now brief me about entries of input balance Rs.9000 nullification and output liability of Rs.27000 payment. Thank you.

Sorry earlier it was wrong interpretation  by me as inter-state supply  now I corrected as intra-state entries as above . . 

Out  put  CGST  A/c  Dr              13500/- 

Out  put   SGST  A/c  Dr              13500/- 

 To  Input  CGST  A/c   Cr                                   9000/- 

  To Input  SGST  A/c    Cr                                   9000/- 

  To  CGST  Payable   A/c   Cr                             4500/- 

   To  SGST  Payable  A/c   Cr                              4500/- 

(  Balance payable after  set off ) 

Originally posted by : prasad Nilugal
	Out  put  CGST  A/c  Dr              13500/-  Out  put   SGST  A/c  Dr              13500/-   To  Input  CGST  A/c   Cr                                   9000/-    To Input  SGST  A/c    Cr                                   9000/-    To  CGST  Payable   A/c   Cr                             4500/-     To  SGST  Payable  A/c   Cr                              4500/-  (  Balance payable after  set off )

Sir, but after set off we have only 27000 balance in output and 9000 (ur showing 18000) in input heads. How we pass entries to pay this  27000 output liability and nullification of 9000 Input balance (remaining balance after setoff which get reversed in gst portal). Please reply.

As per  section  17(4) of  the CGST 2017  , if  you have  taken  50%  Input  Tax credit  , in our query  Rs 9000/- ( CGST -4500 and SGST -4500)   then  again  you can not  take  Input  Tax credit  of  Rs 9000/- as per above entry . So this  balance 9000/- will  be lapse , you can not take credit  of  Balance 50 %  . 

So in our Case payable is  27000/-   (  CGST -13500/- and SGST 13500/- )  and  treat  above  adjustment  entry Cancel . 

So your entry will  be 

Out Put  CGST    A/c   Dr     13500/- 

Out put  SGST    A/c    DR    13500/- 

To  CGST  payable  A/c  Cr                         13500/- 

To  SGST  Payable  A/c  Cr                         13500/- 

(  Payable to Govt account ) . 

Is there any entry I have to pass for this input balance that get lapse otherwise it will show accumulated balance.

Is there any entry I have to pass for this input balance that get lapse otherwise it will show accumulated balance.

And my view is that actually input is expenditure to me in this case ( remaining input balance after setoff). So, here I debit gst paid account and cr. to this input balance and it get nullified. And I show this gst paid balance I.e.,9000 dr. In p&l account. Is it correct

Originally posted by : prasad Nilugal
	Before that you please refer rule 38 of the CGST rules 2017 .

Yes sir we opted for 50% itc claim option every month. In this case the above entries I posted in gst paid are correct sir.