Offset liability in gstr 3b

This query is : Resolved

Ashu Patel (Querist)
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15 November 2017 I have tax liabilities as follows:
Integrated tax: 686.79
Central tax: 15.18
State/UT tax: 15.18

I have eligible ITC as follows:
Integrated tax: 0.00
Central tax: 682.78
State/UT tax:682.78

How do I Offset the entire liability with the use of eligible ITC?

Please help

CA Ysil Karunai

CA Ysil Karunai (Expert)
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15 November 2017 The following are the order of setoff!
1. IGST to IGST, then CGST, then SGST
2. CGST to CGST, then IGST
3. SGST to SGST, then IGST

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RAJA P M

RAJA P M (Expert)
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15 November 2017 In GSTR 3B after submitted the Values are rounded Off as follows...
IGST Rs. 686.79 is Rs. 687
CGST Rs. 15.18 is Rs. 15 & Rs. 682.78 is Rs. 683
SGST Rs. 15.18 is Rs. 15 & Rs. 682.78 is Rs. 683

Now you can adjust as below...

CGST ITC Rs. 683 to CGST Rs. 15 and IGST Rs. 668 = Balance CGST Rs. 0.00
SGST ITC Rs. 683 to SGST Rs. 15 and IGST Rs. 19 = Balance in SGST Rs. 649... it's c/f to next month return

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