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Set off query of gst

kaushal laturiya (article ) (266 Points)

14 October 2023

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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9 Replies

RAJA P M ("Do the Right Thing...!!!") (128111 Points)
Replied 14 October 2023

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...

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 14 October 2023

Yes. You can do it but you have to transfer the balance from one head to another head using PMT transfer form

RAJA P M ("Do the Right Thing...!!!") (128111 Points)
Replied 14 October 2023

Credit ledger balance can't through PMT...
Cash ledger only can do through PMT...

kaushal laturiya (article ) (266 Points)
Replied 14 October 2023

Cash ledger balance can transfer, this is confirmed

RAJA P M ("Do the Right Thing...!!!") (128111 Points)
Replied 14 October 2023

Yes, Cash ledger balance can be transferred...

But, Credit Ledger balance Can't...

kaushal laturiya (article ) (266 Points)
Replied 14 October 2023

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.

RAJA P M ("Do the Right Thing...!!!") (128111 Points)
Replied 14 October 2023

If possible then Plan to purchase intrastate

sabyasachi mukherjee (27868 Points)
Replied 16 October 2023

Yes you can provided there are other norms.

Jamil Ahmed (615 Points)
Replied 16 October 2023

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.