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Quarterly return for September 2023

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(Querist)
23 September 2023 We have gst tax of Rs5000/ in July 2023 .In the month of August 2023 we have excess input of Rs10000/ .Are we required to pay tax for July 2013 in cash ?
Please clarify?
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ARUN GUPTA

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ARUN GUPTA (Querist)
23 September 2023 Will we have to pay interest if we pay July 2023 gst tax in September 2023 on 25th September 2023? Please clarify?
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ARUN GUPTA

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ARUN GUPTA (Querist)
23 September 2023 We have gst tax of Rs5000/ in July 2023 .In the month of August 2023 we have excess input of Rs10000/ .Are we required to pay tax for July 2013 in cash ? Please clarify?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 September 2023 As per rule 86B of Cgst Act 1% Cash payment of Output tax is mandatory for persons having monthly turnover exceeding 50 Lacs.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 September 2023 Interest payable on such late payment.
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ARUN GUPTA

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ARUN GUPTA (Querist)
24 September 2023 My monthly turnover is less then 50 lakhs so do I need to pay interest on monthly tax
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ARUN GUPTA

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ARUN GUPTA (Querist)
24 September 2023 Please clarify if my monthly sale is less then Rs50 lakhs am I liable to pay 1% in cash for output tax
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 September 2023 No need for 1% cash payment in your case.
Interest payable for delay in cash payment.
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ARUN GUPTA

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ARUN GUPTA (Querist)
24 September 2023 Should I pay July 2022 taxes in August 2023 when I have excess input tax credit of Rs10000/ ? Pl clarify this ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 September 2023 Yes, you can pay.....
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ARUN GUPTA

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ARUN GUPTA (Querist)
25 September 2023 Is it mandatory to pay if Itc of Rs10000/ available in month of August 2023
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 September 2023 Not mandatory in your case.
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