TaxTMI 
TaxTMI 
Cut off date to Avail the GST Tax benefits
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....ut off date to Avail the GST Tax benefits<br> Query (Issue) Started By: - KUMAR Narasimhan Dated:- 7-3-2022 Last Reply Date:- 20-3-2022 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Dear Sir....
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..../ Madam, For FY 19-20, Output tax Incorrectly processed between IGST to CGST and SGT in GSTR-3B, this correction to be made on or before of September in next Financial year. But please clarify is the....
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....re any due date extension further due to covid to do this adjustment. What is the due date to avail ITC for FY 19-20 Reply By SOWMYA CA: The Reply: All corrections / Changes pertaining to a financi....
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....al year to be before filing of September 2020 Return (Finance Act 2022 - date changed to Nov 30th ) or filing of annual return whichever is earlier. The due date to avail ITC will be same as above Re....
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....ply By Ganeshan Kalyani: The Reply: I agree with Ms. Sowmya's view. The time limit to make correction in outward statement is prescribed to enable the recipient to claim ITC. However liability is....
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.... still payable if it is yet to be paid. As regard ITC the time period is elapsed. Reply By Shilpi Jain: The Reply: If you have wrongly paid tax as C&SGST instead of IGST or vice versa, then s 77 o....
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....f CGST Act or s 19 of IGST can come to your rescue. The wrong tax can be claimed as refund and the correct tax be paid. There is alos a circular issued in this behalf<br> Discussion Forum - Knowledge....
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