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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 ..... CGST TRANSTISTIONAL CREDIT X X X X Extracts X X X X X X X X Extracts X X X X ..... l 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 wit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hout 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 Reply: Reverse the concerned credit amo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unt 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 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. X X X X Extracts X X X X X X X X Extracts X X X X ..... Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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