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ITC of Current Year to pay tax liability of PYs, Goods and Services Tax - GST |
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ITC of Current Year to pay tax liability of PYs |
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Can ITC of current FY 20-21 claimed during September 20 be used to pay liabilities of FY 17-18, 18-19 to be paid through DRC-03. Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Yes. You can use so. Govt. is compensated by way of payment of interest for the delayed payment of tax.
One to one co-relation is not required. So, I am also of the view that ITC can be avialed to knock of previous GST liability. Page: 1 Old Query - New Comments are closed. |
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