ITC of Current Year to pay tax liability of PYs

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

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

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 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 compensated....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 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 knoc....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....k of previous GST liability.<br> Discussion Forum - Knowledge Sharing ....