21 February 2022
Dear Sirs : During month of January, 2022 , A dealer has output GST from sales is Rs. 1,00,000 and input GST from purchases is Rs.1,50,000 . Please advise, as per new guidelines, how much GST to be deposited. Kind Regards
22 February 2022
Hello Sir, Firstly I assume that you are under QRMP Scheme & Filing Quarterly GSTR 3B, So in the above mentioned case it can be seen that there is Excess ITC & you are liable to Pay any tax
CAclubindia
