ITC

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This discussion clarifies how to handle situations where your Input Tax Credit (ITC) exceeds your output tax liability. It explains that you should show the full ITC amount in your GSTR-3B, even if it's more than the tax due. The advice also covers how to manage unutilised ITC from previous periods, confirming that you can carry forward and claim it in subsequent GSTR-3B returns.

Chithu.E.K

Chithu.E.K (Querist)
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18 March 2021 Need support
*If the output tax is less than the input tax credit, then how is GST computed? Need to show the full ITC amount in GSTR3B means if the output tax is Rs 1500 and ITC is Rs2000 show Rs 2000 in GSTR 3b or the amount which need to set off the liability i.e. Rs1500?
* there's no purchase and sales during last month so filed GSTR3b as nil return but there's ITC in GSTR2b didn't consider the ITC while filing what should I do now.? Can I show the same in next month's GSTR 3b return?