can i set off my cgst credit ledger balance against liability of sgst payable at the time of filing gstr 3b
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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.
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.
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.
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