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
Siddharth Kishan Mane (Tax Consultant) (283 Points)
20 September 2017In 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
RAMESH KUMAR SINGLA
(PROFESSIONAL)
(1777 Points)
Replied 20 September 2017
yes. you have earned this credit by paying tax from your pocket. you can use this amount of Rs. 3000/- against August liability.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 20 September 2017
If you filed your July GSTR 3B.
Then it's automatically shown in Payment of tax column (Adjust with ITC) in GSTR 3B...