| Sep-14-2021

Discharge of GST Liability

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  • CA Venkataramanikota janaki ram
    Participant

    Sir, March 21 one sales invoice is included in Apl -June qtr. The party is on QRMP basis. Out put liability for March 21 for this bill how to discharge? Can that be paid in the normal way thru GSTR3B amount of Apl-June qtr of 2021 or For March 21 missed bill should DRC 03 Challan is to be created separately and pay? If paid thru DRC 03 Separately for missed March 21 bill liability, would not there be a mismatch of GSTR1 filed for the three months of April May and June 21 and GSTR3B liability declared and liability charged thru cash payment. There is very negligible amount of input credit available for March21 and also April- June 21. How to resolve the issue

    Kindly help
    regards
    j r kota

    CA VenkataramaniCA Venkataramani
    Compliance Expert

    The liability in relation to the invoice issued during the tax periods March 2021 which is reported in Form GSTR – 1 filed for the quarter April 2021 to June 2021 may be declared in the return to be filed in Form GSTR – 3B for the quarter April 2021 to June 2021 or in the subsequent periods return. The tax thereon shall be remitted along with interest for the delay in remittance of tax. This view is based on the clarifications issued vide Circular No. 26/26/2017 – GST dated 29.12.2017.

    CA Venkataramanikota janaki ram
    Participant

    Sir Thank you

Viewing 3 posts - 1 through 3 (of 3 total)