Sanju.P (CA Practice ) (111 Points)
20 April 2019Hi,
Can anybody guide as to how to set-off the below mentioned GST Liability as per Section 49A of the GST Act,
Output Tax
Output IGST=Rs.1,689
Output CGST=Rs.53,347
Output SGST=Rs.53,347
Input Tax
Input IGST=Rs.49,408
Input CGST=Rs.38,085
Input SGST=Rs.38,085
Thanks in Advance
Lisha Bansal
(CA Finalist)
(2595 Points)
Replied 20 April 2019
| ITC AVAILABLE | LIABILITY | FIRST SET OFF | SECOND SET
OFF |
LIAB. TO BE PAID IN
CASH |
BALANCE
ITC |
|
| IGST | 49408 |
1689
|
(1689)-IGST | 0 | 0 | 0 |
| CGST | 38085 | 53347 | (47719)-IGST | (5628)-CGST | 0 | (32457)CGST |
| SGST | 38085 | 53347 | NO IGST ITC as exhausted | (38085)-SGST | 15262 | 0 |
Sanju.P
(CA Practice )
(111 Points)
Replied 20 April 2019
Hi,
Thanks for your reply.
But GST portal is doing adjsutment as detailed below:
| ITC Available | Liability | Fisrt set-off | Second set-off | Balance ITC (IGST) | |
| IGST | 49,408.00 | 1,689.00 | -1,689.00 | 47,719.00 | |
| CGST | 38,085.00 | 53,347.00 | -15,262.00 | -38,085.00 | 32,457.00 |
| SGST | 38,085.00 | 53,347.00 | -15,262.00 | -38,085.00 | 17,195.00 |
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