electronic credit ledger

GOKUL K JADHAV (Master of Commerce & CA inter 1st group cleared.) (156 Points)

09 December 2018

sir
I have cgst credit of 10 lac but not of sgst how can I set off Gst liability

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9 Replies

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 09 December 2018

you cannot , .... IGST payable can be setoff

GOKUL K JADHAV (Master of Commerce & CA inter 1st group cleared.) (156 Points)
Replied 09 December 2018

but I can set off cgst liability from balance in electronic ledger alteast

pritesh (CA Final student) (7101 Points)
Replied 09 December 2018

igst you can only set off with cgst or sgst

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 09 December 2018

@ Gokul K

You mean that u r unable to setoff CGST payable from Balance of CGST in ECL ?????

GOKUL K JADHAV (Master of Commerce & CA inter 1st group cleared.) (156 Points)
Replied 09 December 2018

No sir i am just confirming that can i pay CGST laibility from ECL from CGST head

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 09 December 2018

No...

We can't set off CGST to SGST & SGST to CGST...!

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GOKUL K JADHAV (Master of Commerce & CA inter 1st group cleared.) (156 Points)
Replied 09 December 2018

and if i have gst laibility Rs.200,000/- for the month of Nov 2018 CGST 1 lac & SGST 1 lac

but i have only Rs 1.5 lac credit in ECL for CGST,, In that case what should i do ?

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 09 December 2018

Set off CGST liability to CGST Credit...
Pay Cash payment to SGST liability Rs. 1lakh.

2 Like

GOKUL K JADHAV (Master of Commerce & CA inter 1st group cleared.) (156 Points)
Replied 09 December 2018

Thanks sir.

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