CGST TRANSTISTIONAL CREDIT

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....GST TRANSTISTIONAL CREDIT<br> Query (Issue) Started By: - Richa Goyal Dated:- 19-12-2017 Last Reply Date:- 22-12-2017 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Sir, 1) CGST transitional....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... credit takin in &quot;ALL OTHER ITC&quot; 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 r....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eversed 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 with....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....out utilizing CGST. 5) Shall we again reverse the transistional credit in 3B for the month of DEC&#39; 2017. Kindly guide. 4) Reply By Somil Bhansali: The Reply: Reverse the concerned credit amou....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nt while filing GSTR-3B so that electronic credit ledger reflects correct CGST balance and thus you will able to utilize your SGST balance. Reply By Ganeshan Kalyani: The Reply: You need to reverse ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....input tax credit in GSTR 3B. The credit ledger will be rectified accordingly. Thanks. Reply By YAGAY AND SUN: The Reply: You may rectify such errors till 27th December 2017.<br> Discussion Forum - K....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nowledge Sharing ....