Dear sir
While filing gstr9 I'm getting tax 80560.00payable..
For fy 2017-2018
I have ITC BALNACE CERIDET
CAN USE THE CREDIT TO SETOFF
IN DCR 03..
LESS DECLARED IN 3B IN MONTH OF AUG2017, BUT CORRECTLY DECLARED IN GSTR1.
PLEASE HELP OUT
3 Replies
Nilkesh kumar
(no)
(192 Points)
Replied 17 August 2019
Many organizations paying liability through ITC. However, you have to pay interest through cash only. It is general practice.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 17 August 2019
No ... you cannot pay by credit ledger . in term of Notification 74/2018 CT, any liability arising in GSTR 9, shall be setoff only by Cash Ledger.
Nilkesh kumar
(no)
(192 Points)
Replied 17 August 2019
It is general practice is followed by industry.
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