As per yesterday's GSTN webinar, transitional credit will be available for July only after filing trans forms and not through GSTR-3b. Since GSTR-1 & 2 is not yet uploaded on GST portal, while consulting with the local GST authority, they are asking for payment of total payable GST of July in cash without adjusting ITC for the month and Cenvat carried forward.
Kindly advise for payment of GST for the month of July after adjusting ITC & cenvat.
Confusion Over July 2017 GST Payment: Issues with ITC Adjustment and Transitional Credit Filing Forms A discussion on a forum addresses confusion regarding the payment of GST for July 2017. A user raises a query about whether GST should be paid in cash without adjusting Input Tax Credit (ITC) and Cenvat carried forward, as per local GST authority advice. Responses suggest that transitional credit will only be available after filing specific forms, not through GSTR-3B. Participants express concerns over the inability to adjust ITC due to the delay in uploading GSTR-1 and 2 forms. Some suggest legal action, like filing a Public Interest Litigation (PIL), to address these issues. (AI Summary)
TaxTMI 
TaxTMI 
