Dear Sirs,
We have to pay GST amount "X" on account of advance received from a buyer. Secondly, we have paid GST on our purchases, Imports & under RCM- and calculated ITC available amount ,say "Y". Whlie making payment through generating Challan at GST portal, are we required to pay-
(1) Amount X, or
(2) Amount X-Y
Please guide.
Please also educate-by what date tax pertaining to July month-needs to be paid !
Thanks & regards