We have made one outward supply in the month of Dec'2017.However we forgot to book that bill and pay GST on it. If paid in GSTR3b Dec'2017 we had no input to be claimed.
Now we are paying it in the return of June'2018. and we have input in our credit ledger claimed in the month of Jan Feb March and April May June
Can this input be utilised for payment of GST of bill dated 01/12
Interest will be paid as required.
Menu
Input Tax Credit
Replies (1)
No ,.. it's better create the output liability equal to the bill you missed in December by reducing the ITC setoff accordingly & deposit the Tax with interest 18%
Recent Threads
- Export sales not realised payment not received fro
- RCM related queries
- Negative Export Value in GSTR 3B
- Income tax intimation -AY 24-25
- Tax Implications of Alumni Union (R) under Society
- Heard & Seen Around – Your Daily Economi
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
Related Threads
CAclubindia
