Utilization of I T C Credit
This query is : Resolved
16 September 2022
Sir
I have submitted GSTR 1 & 3B up to June 2022. After that it is found that one sale bill has not been shown in March 2022. So now I have to show in July 2022 return with march date of such invoice.
But as on 31.03.22 i have no balance in my I T C electronic ledger. But i have balance in my I T C electronic ledger of April , May , June 2022.
So I have a question , shall i used or utilized I T C Credit of April , May , June 2022 against the GST liability of March 2022 by filing DRC 03 Form .
or I have to pay GST liability of March 2022 through Cash ledger only ?
Sir please reply
I have submitted GSTR 1 & 3B up to June 2022. After that it is found that one sale bill has not been shown in March 2022. So now I have to show in July 2022 return with march date of such invoice.
But as on 31.03.22 i have no balance in my I T C electronic ledger. But i have balance in my I T C electronic ledger of April , May , June 2022.
So I have a question , shall i used or utilized I T C Credit of April , May , June 2022 against the GST liability of March 2022 by filing DRC 03 Form .
or I have to pay GST liability of March 2022 through Cash ledger only ?
Sir please reply
17 September 2022
Pay GST liability through cash ledger with interest. Include it in gstr 3b filing of current month.
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
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- GST Rate for Catering Services
- EXPORT COMMERCIAL INVOICE HSN CODE
- Cash balance limit and property purchases limit
- Bank details not Visible on Traces Portal
- TDS ON EMAIL DOMAIN SERVICE BILL
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
