Taxpayers Can Use Input Tax Credit for March GST; No Official Directive to Pay in Cash, Says CBIC.
Taxpayers can use their Input Tax Credit to settle their GST dues for March, as allowed by law. Reports suggest some GST officers are improperly urging taxpayers to pay their tax liabilities in cash to meet revenue targets. The government and the Central Board of Indirect Taxes and Customs (CBIC) have not issued any directives supporting such actions. Taxpayers are assured they can utilize their available Input Tax Credit to fulfill their GST obligations for March 2021, the final month of the financial year.