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set of first from cash ledger in cgst and then from itc of igst
can any one help me is it possible to set of liability of cgst from cash ledger first and balance from igst , because I have by mistake deposited excess in July tax and since all goods are coming from outside state so my cgst will never adjust and what ever balance igst I have after adjusting can be used in sgst. is this possible
Replies (6)
you can adjust the Igst itc available to cgst also for sgst remaining balance from e- cash ledger and then offset liability but the sum must be talied to the tax payable
sir I want little bit more clarity can cgst cash credit be adjusted first and then set off balance from itc of igst
My question is same. If some credit is not availed and that credit becomes available after GSTR2. Can we set off liability in cash prior to setting off credit balance ?
First you have to use ITC for all (direct use first and cross utilisation later). If still liability exists you can pay by cash. If you have already paid excess cash you can use it in succeeding months. But every time you have to first exhaust ITC. Cross utilisation in cash ledger is not possible.
can we pay set off liability from cash account before setting off from ITC ?
No. The system will not accept when you click " setoff liability" button
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