This excel sheet has been updated with functionality for carry forward of ITC . Many People are getting confused over treatment of RCM in the Excel Sheet. RCM in Simple terms means to Pay tax and claim the input in the same month this is bifurcated in two groups. Expenses/Purchase From a Unregistered dealers. These […]
When I First saw the From 3b in rules , I taught the offsetting of liability will be Automatic as the rules Tax set-off were already in built in provisions of GST and from the same page challan would be generated and payment would be made Thus setting-off the liability.
