Cash Ledger and Credit Ledger Setoff

326 views 7 replies

Dear Sir/ Madam,

In the month of September we had sufficient credit to set off the Liability. Also

we had the Advance received from the Customer ..which is Paid through challan- Balance appearing the Cash Ledger.

but while setting off of liability & Advance in GSTR-3B the system has suggested set-off from the ITC. (Advance to be paid and GST on sales )

Now i need to set off the Cash ledger to credit ledger is it possible???

regards,

Bhavya. P

Replies (7)
Yes....

You can

Not mandatory to setoff as per portal suggestions

Dear Sir,

GSTR-3B is already filed for the month of Sep-20, is it possible now in the month of October?.

 

 

Dear Sir,

GSTR-3B is already filed for the month of Sep-20, is it possible now in the month of October?.

 

 

Yes...

You can
Will you please guide me in steps to follow to set off
You can edit suggest ed set off column
Yes you can do manually by putting less figure against the Output Tax Liability in Set-off Table , the balance will automatically going to set-off by Cash Ledger.

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