ITC settlement
My inward supply is B2B and outward supply is B2C, then, What about, if input tax is more than output tax, in any month. How can I make payment of gst, and how I can claim the balance ITC. Please explain
Replies (4)
Inward supply (purchase) B2B interstate (igst), and outward supply(sale) is B2C intrastate (sgst & cgst).
It's unused ITC then you can claim refund...
If your ITC in IGST then you ll claim refund as IGST....
If your ITC in IGST then you ll claim refund as IGST....
OK sir. But in gstr3b, it requires consolidate outward tbl sply. There is no option of filling gstin wise outward sply. As have ITC for the month of August, then how can I take the claim. I mean, my suppliers can't fill gstin wise details
also we/you/i/others discussed / considered the GSTR 3B as its only a INTERIM RETURN... No more details and No more restriction....
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