Adj.of output tax against input tax

T.N.REDDY (M.Com) (223 Points)

06 December 2022  
Sir, for any financial year, if any outward supplies are missed out/ omitted, then such supplies are required to be reported on or before 30-11 of the subsequent financial year. In this situation, if I adjust credit available during the subsequent year up to October against the tax payable towards the missing/omitted invoices for the previous year, then, is there violation of section 37(3) of CGST Act ? However, interest is taken care.