Setting off of GST liability


Mukesh babu (No)     19 October 2019

Mukesh babu
No 
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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??

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Pankaj Rawat (GST Practitioner)     19 October 2019

Pankaj Rawat
GST Practitioner 
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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)

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CA Dhruva Kalamanji (Chartered Accountant )     19 October 2019

CA Dhruva Kalamanji
Chartered Accountant  
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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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