PAID CGST BY MISTAKE IN CASH, LIABILITY IS ONLY IGST, CAN THE CASH BALANCE OF CGST BE USED WITH THERE IS CREDIT IN CGST?

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..... We have wrongly paid CGST and SGST in cash. The liability is only IGST and there is enough credit balance in CGST and SGST. Can the cash balance of CGST and SGCT be used to make the payment of IGST?.. Kindly guide. - Reply By raj kumar shukla - The Reply = No GSTN does not permit such adjustment. IGST will have to be paid. refund of cgst/sgst should be sought. - Reply By KASTURI SETHI - The Re .....

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..... ply = In my view answer is NO. - Reply By Ganeshan Kalyani - The Reply = Cross utilisation of credit is not permissible in GST network. The input credit of CGST against IGST and vice versa is allowed but not the tax paid by cash. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = I endorse the views of experts. while making epayment we have to be careful. - Reply By Richa Goyal - The Reply = .....

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..... Thank you for your guidance. Can we use the cash ledger for RCM PAYMENT and take credit on the same so that we can use for IGST payment. - Reply By rajkumar shukla - The Reply = RCM payment for which GST? - Reply By KASTURI SETHI - The Reply = In my view, yes and proof of debit through electronic cash ledger will be document for availing ITC. Pl.note it is my view. - Reply By subramanian .....

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..... vijayakumar - The Reply = Yes cross utilisation of ITC is not possible They have to pay IGST and they can claim cgst and sgst paid inadvertently as refunds or they can set Off for future liabilities Regarding 2nd portion of they have paid RCM and if it's available in the cash ledger they can adjust - PAID CGST BY MISTAKE IN CASH, LIABILITY IS ONLY IGST, CAN THE CASH BALANCE OF CGST BE USED .....

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..... WITH THERE IS CREDIT IN CGST? - Query Started By: - Richa Goyal Dated:- 3-11-2017 Goods and Services Tax - GST - Got 8 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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