dear friends ,
please correct me if I am wrong.
1) quarterly file gstr1 . = mention only the sales made for that quarter .
2) gstr2 = shows the invoices purchased from my suppliers .
3) gstr3b = monthly= show the sales , show the purchases . pay the tax that I owe in create challan . file return every month.
how do I get the tax that I have paid my supplier.
regards
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GST returns
Replies (4)
Your three points are exactly correct...
But, Your question is not cleared. Bcoz, Your outward tax (sales) and Inward Tax (purchase) will calculated then you ll be pay Tax if you have any liability or Don't want pay if you have ITC....
thus, how to you get your Tax from your supplier...
But, Your question is not cleared. Bcoz, Your outward tax (sales) and Inward Tax (purchase) will calculated then you ll be pay Tax if you have any liability or Don't want pay if you have ITC....
thus, how to you get your Tax from your supplier...
oh .. the eligible itc showed 16000
but the balance liability showed 9000 .. so I created a challan of RS 9000 and cleared the balance in offset liability.. was this the right way . coz I still din get the tax paid to my supplier
Yes... It's right way...
If your Purchase(s) Taxes are Rs. 16000
If Your Sale(s) Taxes are Rs. 27000.......... then you will pay Rs. 9000 cash payments through challan..
At the time of return (GSTR 3B) you can offset the ITC in Payment column and Cash Payments...
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