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TMI BlogCGST TRANSTISTIONAL CREDITX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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) - Reply By Somil Bhansali - The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply = 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. - Reply By Ga ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... neshan Kalyani - The Reply = You need to reverse 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... errors till 27th December 2017. - CGST TRANSTISTIONAL CREDIT - Query Started By: - Richa Goyal Dated:- 19-12-2017 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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