SGST, Credit ledger balance
This query is : Resolved
08 September 2020
Dear, sir
I have used all CGST Amount in my credit ledger.I have a credit balance of SGST, now how can I use it in my next return with CGST.
I have used all CGST Amount in my credit ledger.I have a credit balance of SGST, now how can I use it in my next return with CGST.
08 September 2020
You can not use SGST credit to pay up your CGST liability.You can only use this in paying your IGST or CGST liability.
09 September 2020
Please clear the sentence as its showing dual meaning
09 September 2020
Yeah,sorry for the mistake.Read it as 'you can only use this in paying your IGST or SGST liability'.
09 September 2020
YES, AGREED WITH MR. SOOD. LIABILITY OF SGST CANNOT SET OFF AGAINST CGST AND VICE VERSA. HOWEVER, BALANCE OF CGST AND SGST CAN BE SET OFF AGAINST IGST.
09 September 2020
My SGST CREDIT BALANCE IS APROX 15 LACK, How can it be withdrawn
10 September 2020
Use it for clearing liability of IGST . First set off SGST balance against IGST liability.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
