LIABILITY ADJUSTMENT
NAGESWARAN (ACCOUNTANT) (834 Points)
23 August 2017Due to wrong adjustments in itc, we are unable to setoff the tax payments. Herewith forward the details, kindly reply us.
Tax Liability :
IGST - 16957 : CGST - 36516 : SGST - 36516
ITC available:
IGST -19694 : CGST - 2268 : SGST - 2268
Cash balance:
CGST - 29243 : SGST - 36516
In my view CGST 2268/- to be paid by cash. And 2268/- to be shown as refund in SGST. Is it ok or your comments pls.
CAclubindia
