ITC of Current Year to pay tax liability of PYs

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..... ITC of Current Year to pay tax liability of PYs
Query (Issue) Started By: - Jewel Fanai Dated:- 8-10-2020 Last Reply Date:- 9-10-2020 Goods and Services Tax - GST
Got 2 Replies
GST
Can IT .....

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..... C 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. is compensate .....

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..... d 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 be avialed to kno .....

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..... ck of previous GST liability.
Discussion Forum - Knowledge Sharing .....

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