ITC of Current Year to pay tax liability of PYs

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 . - Reply By KASTURI SETHI - The Reply = Yes. You can use so. Govt. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... is compensated by way of payment of interest for the delayed payment of tax. - Reply By Ganeshan Kalyani - The Reply = One to one co-relation is not required. So, I am also of the view that ITC can .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... be avialed to knock of previous GST liability. - ITC of Current Year to pay tax liability of PYs - Query Started By: - Jewel Fanai Dated:- 8-10-2020 Goods and Services Tax - GST - Got 2 Replies - GS .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... T - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X