Mukesh babu (No) 19 October 2019
I have output of cgst 2,50,000 and sgst 2,50,000 and I have input tax credit of rs.15,00,000 igst. how to set off my GST amount as per new set off rules? will there be any liability arise??
Pankaj Rawat (GST Practitioner) 19 October 2019
IGST balance will set-off first from IGST output if any , then it set-off the output of CGST & SGST
15 lac - 2.5 lac - 2.5lac = 10 lac (IGST balance in credit ledger)
CA Dhruva Kalamanji (Chartered Accountant ) 19 October 2019
Kindly key in your details in 3.1 and 4 table of gstr3b automatically portal will show set off table. no need worry.
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