Accounting treatment in case of offset of tax liability - GST
Accounting treatment in case of offset of tax liability - GST S. No. Particulars Debit ( ` ) Credit ( ` ) Reference (I) Transfer of output liability to E-liability ledgers upon filing of GSTR-1 Output SGST A/c Dr. **** B/S Output CGST A/c Dr. **** B/S Output IGST A/c Dr. **** B/S Output Cess A/c Dr. **** B/S To E-liability Ledger CGST A/c **** B/S To E-liability Ledger SGST A/c **** B/S To E-liability Ledger IGST A/c **** B/S To E-liabil