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tax payment in case of advance receipts
is payment of gst on advances receipt can be made through using ITC bal or it must be paid like RCM
Replies (8)
no only thru cash ledger
Advance receipts related GST payments through Cash Only. Can't adjust from ITC...
really.... .........??!
It can be made using ITC and cash ledger balance as it is not under RCM.
payment of gat on advance receipts is under your output tax liability that can be paid using ITC balance as well.
thanks anshul
but is there any provision you remeber regarding this
but is there any provision you remeber regarding this
I don't know the way of adjustments from ITC....
Mr. Anshul only can explain / clarify this one....
Mr. Anshul only can explain / clarify this one....
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