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

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