Payment of gst vs itc

ITC / Input 271 views 3 replies

Dear Sirs,

We have to pay GST amount  "X" on account of advance received from a buyer. Secondly, we have paid GST on our purchases, Imports & under RCM- and calculated ITC available amount ,say "Y".  Whlie making payment through generating Challan at GST portal, are we required to pay-

(1) Amount X, or  

(2) Amount X-Y 

Please guide.

Please also educate-by what date tax pertaining to July month-needs to be paid !

Thanks & regards

Replies (3)
the gst calculates your tax liability gstr2 calculates your eligible ITC automatically on the basis of accounted for sales by your suppliers and the tax payable in the month will pop up In your system. I.e. X-Y
For July to file Form GSTR-3B on or before 20th August

Thanks Kamalarao Pamulaji for responding to my query.  


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