CGST TRANSTISTIONAL CREDIT

[Richa Goyal]

Sir,

1) CGST transitional credit takin in 'ALL OTHER ITC' in GSTR -3B in July 2017 as the trans-1 form was not available

2)CGST credit rightly taken in FORM TRANS-1 in October 17.

3) CGST transitional credit was reversed in FORM GSTR 2 as there was double availment of credit but the system is not reflecting the reversal.

4) Problem :CGST balance is double and we are unable to use SGST balance to pay IGST without utilizing CGST.

5) Shall we again reverse the transistional credit in 3B for the month of DEC' 2017.

Kindly guide.

4)

[So B]

Reverse the concerned credit amount while filing GSTR-3B so that electronic credit ledger reflects correct CGST balance and thus you will able to utilize your SGST balance.

[Ganeshan Kalyani]

You need to reverse input tax credit in GSTR 3B. The credit ledger will be rectified accordingly. Thanks.

[YAGAY andSUN]

You may rectify such errors till 27th December 2017.

AI Summary

CGST transitional credit correction: reverse duplicated credit in GSTR 3B to restore ledger accuracy and enable SGST utilization. The operable remedy is to reverse the duplicated transitional CGST credit while filing GSTR 3B so the electronic credit ledger reflects the correct CGST balance and permits proper utilization of SGST balances; such rectifications can be effected within the permitted rectification window.