Menu
Unpaid GST of one month adjusting against ITC of another month.
If a registered person fails to pay GST on any bill in GSTR-3B and does not report in GSTR-1 also for some reasons then can he adjust such output tax against ITC of the month in which he has enough ITC or whether he should pay such output tax in cash?
Replies (2)
Quick Summary
You can use ITC for payment of any missing output liability
Dear sir, The output tax liability of a particular month can be adjusted with ITC, but in case of insufficient ITC the liability must be met payment of cash. Incase you are planning to show the bill in the next month then you should pay an interest at the rate of 18% on the gst value.
Recent Topics :
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
Related Topics :
CAclubindia
