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Tax Liabilities pay through Cash Ledger Balance

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Chandrakant Parmar

35 Points Posted on 13 May 2023

Sir,

We have Rs.595065/- SGST Cash Ledger Balance only and we have to pay Rs.403965/- IGST Tax Liability and Pay SGST Tax Liability Rs.42955 /-now

we have no SGST and CGST input credit so we can pay Rs.403965/- IGST Tax Liability through SGST Cash Ledger? and pay Rs.42955/ SGST Tax Liability?

Replies (4)

Quick Summary

This discussion addresses how to pay IGST and SGST tax liabilities when you have a balance only in your SGST cash ledger and no input credit. It confirms that you can transfer funds from your SGST cash ledger to IGST or CGST using the GST PMT-09 form. This process allows you to effectively utilise your existing cash ledger balance to meet your various tax obligations.

CA SANDESH MAHIPAL

Practicing in GST and MSME

1985 Points Posted on 13 May 2023

There is a form GST PMT-09, by filing this form, you can shift balance of SGST to IGST or CGST as required. This is possible only for Cash Ledger. Process for filing of PMT-09 can be viewed on google easily.

Regards