can any help us to following query s
1) I have lot of cenvat credit balance for June,30 2017, I want utilise these credit to set up July 17 tax liability.
2) can i utilise credit balance with out submission of Tran 1 as the form given 90 days to submission
3) I need to submit GSTR 3B before 20th Aug 17 for July, in this case sales I can figure out but credits how do I take for the purchases during july17. with out submission of GSTR1 by suppler my credits would not be auto populated in electronic credit ledger
3 Replies
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 06 August 2017
no GSTR 3B will allow u to take itc on provisional basis. After that u can file tran.
srinivas
(Asst.Manager)
(100 Points)
Replied 06 August 2017
sir
GST credit on July purchase can set up for out put liability through GSTR 3b
GST credit on July purchase can set up for out put liability through GSTR 3b
Manas Das
(1431 Points)
Replied 06 August 2017
you cant claim itc bf without filing trans 1. form 3b is summary of sales n purchase n pay tax on self assessment final tax will be as per final return which starts 5th sept
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