for the month of august purchase bills are not yet received...sales is done out of that purchase...n so output tax is coming of higher amount...which is required to be paid for month of August... as credit is not available....
is there any solution for this..????
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GST urgent
Replies (14)
If credit is not available, then you have to pay the gst amount.
Whether purchase bill is for month of August... Then book as provisional basis
After receiving the purchase invoices, then take ITC and file it.
If they issue in September month, then it can be shown only in September month 3B.
there is no way you can avoid fund blockage till 20th of next month.if this is a general practice of your suppliers its not prudent
Finally, possible to take August month invoices for the month of September... Right ahhahh
The supplier might have uploaded GSTR1 by 10th Sept if his T/o is more than 1.5 crores and same will reflect in your GSTR 2A download it and take the credit of same amount and file the return
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