CA Padmasri Manyam
(CA in Practice)
(1340 Points)
Replied 07 June 2018
if you are eligible to take credit, then you can setoff with your output tax liability.
(Total GST laibility-eligible input tax credit has to be paid in cash).
SRIKANTH
(business man)
(51 Points)
Replied 07 June 2018
CA Padmasri Manyam
(CA in Practice)
(1340 Points)
Replied 07 June 2018
GSTR-1 you need to disclose yout outward. Enter 97 in taxable value, 17.46 in tax amount.
in GSTR-3B you can show both input tax, output tax and pay net tax to the government.
CAclubindia
