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GST Input Output Set-Off Calculator

GST Head Output Input
IGST
CGST
SGST
GST SET-OFF CHART
GST Output Set-off from Balance Output (to be paid in cash)
IGST
(0)
CGST
(0)
SGST
(0)
(A) (B) (C) (D) E = (A-B-C-D)
IGST 0 0 1 0 6 0 7 0
CGST 0 0 2 0 4 0
SGST 0 0 3 0 5 0
TOTAL 0 0 0 0 0
Balance ITC - 0 0 0 0
Accounting Entries:

#1

IGST Output A/c Dr. 0
CGST Output A/c Dr. 0
SGST Output A/c Dr. 0
     To IGST Input A/c Cr. 0
     To CGST Input A/c Cr. 0
     To SGST Input A/c Cr. 0
(Being GST Output set off from GST Input)


#2

IGST Output A/c Dr. 0
CGST Output A/c Dr. 0
SGST Output A/c Dr. 0
     To Bank A/c Cr. 0
(Being Balance GST Output paid in Cash)

Input Set-off order (As per revised Rule 88A)

Step 1
-
₹ 0
Step 2
-
₹ 0
Step 3
-
₹ 0
Step 4
-
₹ 0
Step 5
-
₹ 0
Step 6
-
₹ 0
Step 7
-
₹ 0

Important Notes:
1. Amount of Step 2 & 3 can be inter-shifted (paritally or fully) by user as per his choice in the light of Rule 88A.

2. Our software uses a algorithm, which inter-shifts the set-off amounts from step-2 to step-3 and vice versa to give maximum benefit to taxpayer.

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19
Mar
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10 Mar

☑ Monthly | GSTR-7

GSTR-7 for the m/o Feb 2024 (For TDS Deductors u/s 51 - Section 39(3)).

☑ Monthly | GSTR-8

GSTR-8 for the m/o Feb 2024 [For TCS collection by E-Commerce Operators - Section 52(4)].

11 Mar

☑ Monthly | GSTR-1

GSTR-1 for the m/o Feb 2024 (Monthly Taxpayers) - N.No. 83/2020.

13 Mar

☑ Monthly | GSTR-5

GSTR-5 for the m/o Feb 2024 [Return by Non Resident Taxpayers - Rule 63 - Section 39(5)]

☑ Monthly | GSTR-6

GSTR-6 for the m/o Feb 2024 [For Input Service Distributors - Rule 65 & Section 39(4)].

☑ Monthly | IFF

IFF for the m/o Feb 2024 (QRMP Taxpayers, Optional) - Rule 59(2).

20 Mar

☑ Monthly | GSTR-3B

GSTR-3B for the m/o Feb 2024 (Monthly Taxpayer - Rule 61) - Either Compulsory taxpayer > 5 cr. or Voluntary taxpayer < 5 cr.

☑ Monthly | GSTR-5A

GSTR-5A for the m/o Feb 2024 [Return by OIDAR Service Providers - Rule 64.]

25 Mar

☑ Monthly | PMT-06

PMT-06 Monthly tax payment for Feb 2024 under QRMP Scheme [Rule 61(1)(ii) - Proviso to Section 39(7)].

Taxpayers have a choice to pay tax either, as per -  

A) Fixed Sum Method OR 
B) Self assessment basis subject to interest on short payment of taxes.
(Notification No.85/2020 - CT)
 
28 Mar

☑ Monthly | GSTR-11

GSTR-11 for the m/o Feb 2024 (Statement of inward supplies by persons having Unique Identification Number (UIN)).

31 Mar

☑ Annual | CMP-02

Last date to opt-in from regular scheme to composition scheme under GST for FY 2024-25 [Rule - 3 of CGST Rules.]

☑ Annual | GTA

Closing Date of window on GST Portal for Opt-in / Opt-out for Forward Charge / Reverse Charge by GTA for FY 2024-25 [Notification No.06/2023 - CT(R) dated 26.07.2023]