dear sir
how to settled ITC like I played Gst to alredy in inwards so do I need to pay again in outwards are can I played cut of invards Gst to direct remain amount on outward
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invoice cut of itc
Replies (4)
if you are eligible to take credit, then you can setoff with your output tax liability.
(Total GST laibility-eligible input tax credit has to be paid in cash).
I paid 92+18%=108.5 then how to enter in out ward 97+18%=114.5 , so now how to enter in gstr1
GSTR-1 you need to disclose yout outward. Enter 97 in taxable value, 17.46 in tax amount.
in GSTR-3B you can show both input tax, output tax and pay net tax to the government.
thanQ sir
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