About cross utilization of credit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 February 2018
My Tax amount of CGST&SGST IS 23214(both).
But In my ledger there is only 19318 CGST &19318 SGST..
But i have 18548 IGST Credit (inward)(purchase)
I'm shortage of 3000 odd in CGST&SGST.But have enough credit in ledger(Igst). Is there is a chance to transfer Igst credits to CGST&SGST.To set off liability.if there how to Set off

RAJA P M

RAJA P M (Expert)
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04 February 2018 Your query is not cleared...
Bcoz, You said values only. Not said the values are inward suplly or outward suply. Explain Yourself then you can get exact solutions...