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Itc in gstr-3b

vijay (Ariticle) (101 Points)

17 August 2017

hello...

can i avail ITC on all of my purchases and services (i.e inward supply) in GSTR 3B?? how??

is the final liability is input-output or for the month of july'17 should we have to pay the entire output and have to take credit in the next month ??

please help me

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5 Replies

RAMESH D MODI (Proprietor) (4864 Points)
Replied 17 August 2017

NO
U CAN TAKE ITC for the same month

vijay (Ariticle) (101 Points)
Replied 17 August 2017

thanks for your reply ...

please tell me the procedure for the same

it shows the following message

"Either balance in cash/credit ledger is not sufficient to set-off the liability or the amount declared to be utilized from cash/credit ledger is not equal to the total liability. Please verify and then proceed to set-off the liability."

Studentsca (CA Practice ) (3577 Points)
Replied 17 August 2017

You can take credit for all the input supply for the month of July in GSTR 3b form in- row other ITC credits.

Balance amount needs to be paid in cash.

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Amit Choudhary (Finance Exicutive) (193 Points)
Replied 17 August 2017

it would take from the same month other than rcm
rcm will be paid and then take input in next month.

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prakash jha (B.Com) (76 Points)
Replied 09 September 2017

But if u have a any credit forward balance in previous law then u can claim it and after that take credit for same in the july month after submiting trans 1 form

1 Like