Sir,
While set off GST liability , can we use cash ledger balance first instead of using ITC .
Because we have good amount of cash balance due to the TDS recovered under GST by our PSU customers.
WE want to use the same
Please advice
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Gst liability set off
Replies (3)
| Taxable Value | IGST | CGST | SGST | |||
| O/S | 4,45,95,071.35 | 61,05,696.56 | 61,05,696.56 | |||
| RCM Supply | 8,58,114.00 | 77,230.26 | 77,230.26 | |||
| 28,248.00 | 706.20 | 706.20 | ||||
| Total tax to be pay | 61,83,633.02 | 61,83,633.02 | 1,23,67,266.04 | |||
| ITC | 79,55,350.35 | 18,28,097.24 | 18,28,097.24 | |||
| Total ITC | 79,55,350.35 | 18,28,097.24 | 18,28,097.24 | 1,16,11,544.84 | ||
| 7,55,721.20 | Payable Non RCM | |||||
| RCM Supply | 8,58,114.00 | 77,230.26 | 77,230.26 | |||
| 28,248.00 | 706.20 | 706.20 | 1,55,872.92 | |||
| 9,11,594.12 | Net Payable |
please guide me which one is correct to pay (Non RCM amount or Net payable Amount?)
Dear @ Sundaram if you use Cash then ITC balance accumulated.. Over a time and my advice is that practically do one time through cash mode if system accepted then it is best for you otherwise you can go through ITC mode.. Then cash..
have to pay rs, 1,55,872 on cash payment mode is it correct sir
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