Ministry of Finance

Taxpayers are free to utilise Input Tax Credit available in their credit ledger as permissible by law to discharge their GST due for March month

Posted On: 21 MAR 2021

Unconfirmed reports have appeared in certain sections of the media that some GST officers are using unauthorised communication means such as phone calls, WhatsApp and messages asking taxpayers to discharge  ‘maximum tax liability’ in ‘cash’ in order to ensure that targets for revenue collection from GST  for the financial year are met.

It is to clarify that neither the Government nor the Central Board of Indirect Taxes and Customs (CBIC) have issued any such instructions to their field formations. As such, taxpayers are free to utilise the Input Tax Credit available in their credit ledger, as permissible in law, to discharge their GST dues for the month of March, 2021 – the last month of this financial year.

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  1. JAYARAMAN says:

    at rhe time of migration imissed toupload the goods in
    in the application can i upload the materials
    in the amendment core is there any penalty
    regards jayaraman

    1. Santosh Shirale says:

      As per latest tweet by CBIT Taxpayer have to take ITC as per GSTR2B , But Taxpayer should reconcile ITC of 2B with Books of Accounts and self assessment of ITC (allowed and disallowed ITC as per Rule).

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