Taxpayers can use ITC to discharge GST dues for March

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The Finance Ministry on Saturday mentioned GST taxpayers can utilise the Input Tax Credit out there of their credit score ledger to discharge their GST dues for the month of March.

“Taxpayers are free to utilise the Enter Tax Credit score out there of their credit score ledger, as permissible in regulation, to discharge their GST dues for the month of March, 2021 – the final month of this monetary yr,” the Central Board of Oblique Taxes and Customs (CBIC) mentioned in an announcement.

Items and Companies Tax (GST) collections crossed the Rs 1 lakh crore mark for the fifth month in a row in February. The mop up in February was Rs 1.13 lakh crore.





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