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How to setoff my cash ledger balance?

14 January 2018

How to setoff my cash ledger balance? Which late fine waived and now refund to cash ledger balance.
Is it possible to adjust with my liability?

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 14 January 2018

Are get the late fee waiver...?
which head of account it's reversed...?

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Mondira Saha (GST) (3925 Points)
Replied 14 January 2018

yes you can sett off this late fee refund in cash ledger
yoi can see amount of late fee refund in sgst and cgst head
you can sett off your cgst and sgst lisbility by this cash refund ... you cant pay igst liability by late fee refund

Pritam Dasgupta (49 Points)
Replied 14 January 2018

When i goes for filling here shown error.
My tax liability is cgst 5000 sgst 5000
And cash ledger balance is 4000 i.e cgst 2000 and sgst 2000. That is why i generate chalan of rs 6000 (3000+3000)but its still not worked.

Mondira Saha (GST) (3925 Points)
Replied 14 January 2018

this is portal problum ... when we go to sett off then we face error msg ... everyone face this prob wait till gst tech have to solve this error ...

Pritam Dasgupta (49 Points)
Replied 14 January 2018

Thank you

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Priyadharsini Krishnadhas (2 Points)
Replied 15 November 2018

I am new to GST filing etc.,

Unknowingly I have cedited 5475 to central tax. But now I realize that this much is not needed in central tax, But this needs to be splitted across integrated tax, central tax, late fees and state tax. Can someone help me to swap / split these amount by advising how to do. Thanks