https://www.taxtmi.com/forum/issue?id=118185 Accumulated ITC comprises IGST credit of Rs. 1,08,00,000 and CGST and SGST credits of Rs. 36,80,000 each, total purchases Rs. 10,14,00,000. Gross tax on outward intra-state supplies is Rs. 1,98,00,000; after adjusting available ITC the net cash deposit required is Rs. 16,40,000 under SGST. An ITC reversal of Rs. 54,000 is required for a supplier invoice of Rs. 3,00,000 unpaid beyond 180 days, plus interest at 18% for six months, to be filed in the July return. en-us Mon, 10 Oct 2022 19:19:37 +0530 Thu, 23 Jan 2025 15:54:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118185 Accumulated ITC comprises IGST credit of Rs. 1,08,00,000 and CGST and SGST credits of Rs. 36,80,000 each, total purchases Rs. 10,14,00,000. Gross tax on outward intra-state supplies is Rs. 1,98,00,000; after adjusting available ITC the net cash deposit required is Rs. 16,40,000 under SGST. An ITC reversal of Rs. 54,000 is required for a supplier invoice of Rs. 3,00,000 unpaid beyond 180 days, plus interest at 18% for six months, to be filed in the July return. Discussion-Forum GST Mon, 10 Oct 2022 19:19:37 +0530 https://www.taxtmi.com/forum/issue?id=118185