tax payment in case of advance receipts

nihal (675000) (3 Points)

15 October 2017

is payment of gst on advances receipt can be made through using ITC bal or it must be paid like RCM

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8 Replies

SANDEEP JAIN (Tax Consultant) (487 Points)
Replied 15 October 2017

no only thru cash ledger

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 15 October 2017

Advance receipts related GST payments through Cash Only. Can't adjust from ITC...

Harsh (Pune) (30 Points)
Replied 15 October 2017

1 Like

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 15 October 2017

really.... .........??!

anshul aggarwal (Consultant) (1074 Points)
Replied 15 October 2017

It can be made using ITC and cash ledger balance as it is not under RCM.

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anshul aggarwal (Consultant) (1074 Points)
Replied 15 October 2017

payment of gat on advance receipts is under your output tax liability that can be paid using ITC balance as well.

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nihal (675000) (3 Points)
Replied 16 October 2017

thanks anshul
but is there any provision you remeber regarding this

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 16 October 2017

I don't know the way of adjustments from ITC....
Mr. Anshul only can explain / clarify this one....

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