Home Forum Goods and Services Tax - GST Month 6 2019 2019 (6) This
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ITC utilisation - Goods and Services Tax - GSTExtract while compiling data for filing GSTR-9 a) if we have noticed any ITC credit wrongly taken can we reverse the ITC in May 19 or June 19 3B or later also or this ITC is required to be paid in cash suppose during audit also some reversals have to be done then can it not be done thru balance ITC available in electronic ledger b) In case any additional liability arises on account of outward supplies can it be discharged through ITC or it has to be paid in cash Fundamental issue: In GSTR-9 form they have specified that we have to pay cash to clear liability but is there no provision in act since ITC is a inherent right to discharge GST liability the GST liability can be discharged thru ITC or ITC and balance thru cash where ITC is not sufficient Govt gets the tax on output liability so why they are insisting for cash payment readers kindly enlighten
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