In the GST return of July-17, my ITC on Purchases was 10,000/- & GST on Sales was Rs.7,000/- . So my balance ITC is Rs.3,000/-, can I take Offset of this Credit Rs.3,000/- against GST liability of month of Aug-17. Namaskar
In the GST return of July-17, my ITC on Purchases was 10,000/- & GST on Sales was Rs.7,000/- . So my balance ITC is Rs.3,000/-, can I take Offset of this Credit Rs.3,000/- against GST liability of month of Aug-17. Namaskar
yes. you have earned this credit by paying tax from your pocket. you can use this amount of Rs. 3000/- against August liability.
If you filed your July GSTR 3B.
Then it's automatically shown in Payment of tax column (Adjust with ITC) in GSTR 3B...
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