gst liability

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If you have a GST liability in September but only have Input Tax Credit (ITC) available in October, you generally cannot use the October ITC to offset the September liability. You'll likely need to pay the September tax liability on time. You can then claim and utilise the ITC in October. While your advocate suggests only one month's interest might be payable, it's crucial to follow the correct procedure to avoid penalties.

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(Querist)
10 November 2023 I have gst liablity in month of september but i have itc in the month of october . How can i adjust my liability and what will be consequences
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RAJA P M

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RAJA P M (Expert)
11 November 2023 September liability can't be adjust in October's ITC.
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CE1052 Kartiksharma

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CE1052 Kartiksharma (Querist)
11 November 2023 But my advocate is saying only one month interest has to be paid .
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Rajamahendra Varma M.B.A.,LL.B

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Rajamahendra Varma M.B.A.,LL.B (Expert)
16 November 2023 You can not utilize Oct-23 ITC against Sept-23 liabilities. You have to pay tax for Sept-23 and claim and utilize ITC in Oct-23
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