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Gstr 3B. table no.6

JASKARAN SINGH   15 August 2020


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Pls anybody tell me to which extent we can use ITC for payment of tax....suppose I wants to pay IGST 3000 and in my ITC IGST is 5000....can we pay full amount out of ITC IGST


Anoop srivastava   15 August 2020

Anoop srivastava

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Yes unless it is RCM. THe system will automatically calculate

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ansh 99   16 August 2020

ansh 99

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You can setoff ITC with output tax liability to extent of ITC available .
and ITC has nothing to do with Rcm. You can take ITC irrespective of the fact whether it is reverse charge or forward charge.

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Sagar Patel (Tax and Business Consultant)     16 August 2020

Sagar Patel
Tax and Business Consultant 
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@ Jasmaran Singh ji

You can use your credit balance of ITC in credit Ledger against any payment of your output tax liability.
You can not pay your RCM liability from your credit, RCM liability you have to pay in cash and than you can take credit of same.

in your case, You can set of 3000 IGST against Your ITC balance of 5000...2000 remaining you can use for next month liability.

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JASKARAN SINGH   16 August 2020


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Thanks all of you so much.......

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