Any chance to adjust current month ITC against previous month liability
This query is : Resolved
20 April 2023
Dear Sir / Madam,
We have to pay some liability after adjusting ITC for the month of March2023 but we will have excess ITC for the month of April 2023 as we have procured and installed a capital goods in April2023.
I understand we cannot file GSTR3B of April 2023 month without filing GSTR3B of March 2023. And we are ready to pay interest and late fees for late filing.
But still we want to utilize the April 2023 credit to adjust the March 2023 month liability.
Any possibilities / chances are there to do so.
Kindly advise us
Many Thanks in advance
With warm Regards,
L Bazeer.
We have to pay some liability after adjusting ITC for the month of March2023 but we will have excess ITC for the month of April 2023 as we have procured and installed a capital goods in April2023.
I understand we cannot file GSTR3B of April 2023 month without filing GSTR3B of March 2023. And we are ready to pay interest and late fees for late filing.
But still we want to utilize the April 2023 credit to adjust the March 2023 month liability.
Any possibilities / chances are there to do so.
Kindly advise us
Many Thanks in advance
With warm Regards,
L Bazeer.
20 April 2023
No chances are there.
20 April 2023
Thanks a lot to your immediate reply, Sir
21 April 2023
You are welcome...
....
....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Eway bill for machinery reparing
- TDS ON CASH WITHDRAWALS...
- Form 10BD Filling
- Registration as Authorised Representative of minor
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
