How to adjust GSTR-3B tax liability with ITC available

How to adjust GSTR-3B tax liability with ITC available
By: – CA.VINOD CHAURASIA
Goods and Services Tax – GST
Dated:- 25-8-2017

Query 1: Our as our GST portal account Credit Ledger shows balance of Rs. 13,22,658.00 for the month of July and the payable as per the Liability ledger for July shows  Rs. 6,06,618.00.
Hope we need not pay anything for July. We have submitted our account but when we try to file it asks to clear the liability first for Rs. 6,06,618.00 without considering the credit of Rs. 13,22,658.00.
Please help.
Query 2: At the time of GSTR 3B filing We entered the Outward supplies Taxable Value and Tax Values and Inwards Supply's Tax Value. After submitted the 'Payment of Tax' c

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d Rs. 2500 as cash. After entering the values in outward supplies in Column no 3.1 and Inward supplies in Column no 4.
So, we need to follow the below process:
After save and submit the return the 'Payment of Tax' Column show the liability of Rs. 40,000. But, don't be panic on seeing the value of the tax liability.
We can adjust the tax liability as below:
*
Tax Liability – ITC = Tax Payable
⇓
*
Tax payable – Tax paid in Cash = Zero (Tax Liability)
How to adjust this in GSTR-3B
You just open the 'Payment of Tax' box as given column 6.1 (Payment of Tax).
 It is showing as below:
After ABC and Co, offset (adjust) the ITC available in the following way:
After Offset (adjustment) the liability is

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€‚。。。。。o
Tax
Central Tax
1250
0
0
°
0
0
0
0
State/UT
1250
0
0
0
0
0
0
0
Tax
Cess
0
0
0
0
0
Document 2
Description
ТаÑ…
Paid through ITC
Tax/Cess
tion payable Integrated Central State/UT Cess TDS/ICS padin Interest Late Fee
1
2
3
4
5
6
7
8
9
10
Other than Reverse Charges
Integrated 10000 8000。。。。 2000 。。
Tax
Central Tax
15000
13000
°
0
2000
0
0
State/UT
15000
0
13000
°
°
2000
0
°
Tax
Cess
°
0
o
0
°
Reverse Charges
Integrated
ated 。。。。。o。。。
Tax
Central Tax
State/UT
1250
°
1250
°
0
Tax
Cess
ÂÂ

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Plain text (Extract) only
For full text:-Visit the Source

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