Set off query of gst

can i set off my cgst credit ledger balance against liability of sgst payable at the time of filing gstr 3b
Replies (9)
Quick Summary
This discussion clarifies whether a CGST credit ledger balance can be used to offset an SGST payable liability when filing GSTR 3B. The consensus is that direct offsetting is not permitted; CGST cannot be directly set off against SGST, and vice versa. While cash ledger balances can be transferred between heads, credit ledger balances cannot be directly transferred. Excess CGST credit, often arising from interstate purchases, can be utilised against IGST, CGST, and SGST liabilities, but not directly offset from one state's ledger to another's.

No, it's not possible...

CGST can't set off to SGST...

and the same manner applied as SGST can't set off to CGST...
Yes. You can do it but you have to transfer the balance from one head to another head using PMT transfer form
Credit ledger balance can't through PMT...
Cash ledger only can do through PMT...
Cash ledger balance can transfer, this is confirmed
Yes, Cash ledger balance can be transferred...

But, Credit Ledger balance Can't...
If cgst credit ledger balance excess because of interstate purchase,intrastate purchase also and sale is intrastate then what to do , it only accumulate cgst credit balance.
If possible then Plan to purchase intrastate
Yes you can provided there are other norms.
How can CGST balance be excess due to interstate purchase? IGST is charged on interstate supply. ITC of IGST can be utilised for discharging liabilities of IGST, CGST and SGST.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register