We have paid GST under reverse charge in the previous month, (June 2018). Can we utilize this previ…
We have paid GST under reverse charge in the previous month, (June 2018). Can we utilize this previous month payment as ITC and discharge the tax liability for the current month?
Chiranjibi Jul. 05, 2018
For the payment of taxes under reverse charge, ITC cannot be claimed.
Thus, reverse charge liability is required to be deposited through electronic cash ledger only.
Further, the amount of taxes paid under reverse charge can be utilized to pay the output tax liability of the next month under normal charge.
