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Tax Payment

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Elizabeth Devadas

45 Points Posted on 15 February 2020

If access tax paid by utilising ITC. Whether I can adjust my additional liability to the extend of excess.
Kindly guide me with relevant section/rules/notification/circular

Replies (5)

Quick Summary

This discussion clarifies how to handle excess tax paid using Input Tax Credit (ITC). If you've paid more tax than your outward liability, you can typically adjust this excess amount against your next month's GSTR 3B liability. Additionally, it's possible to adjust this excess or additional liabilities when filing your GSTR 9 annual return.

PC Sharma

75 Points Posted on 15 February 2020

Adjust it by next return

Elizabeth Devadas

45 Points Posted on 17 February 2020

Thank you for your suggestion. Could you please share with me a provision

RAJA P M

"Do the Right Thing...!!!"

77792 Points Posted on 17 February 2020

Originally posted by : Elizabeth Devadas
	If access tax paid by utilising ITC. Whether I can adjust my additional liability to the extend of excess.Kindly guide me with relevant section/rules/notification/circular

Can You elaborate Your query with Details...?

I can't understand...

Elizabeth Devadas

45 Points Posted on 17 February 2020

If tax paid is more than the outward tax liability. Whether I can adjust that access paid tax to next month's liability. Or can I adjust with my additional liability while filing GSTR 9.

RAJA P M

"Do the Right Thing...!!!"

77792 Points Posted on 17 February 2020

If You are Paid excess Cash payments and the Cash Balance showing in Electronic Cash Ledger then You can adjust in Your next GSTR 3B return...
Also You can adjust in GSTR 9 return for the additional Liability...