Time limit to utilize GST Credit Ledger, Goods and Services Tax - GST

[Ashiesh Prremji]

Dear Sir,

Is there any time limit to utilize GST Credit Ledger in normal scenario? Suppose if i have accumulated ITC in my GST Credit Ledger , can i use it to set-off outward liability for current year?

Thank You,

Posts / Replies

[Ganeshan Kalyani]

Sir, you can utilize the credit in Electronic Credit Ledger to offset your current year's GST liability.

[Ganeshan Kalyani]

Sir, in my view, there is no time limit to utilize the credit lying in Electronic Credit Ledger.

[YAGAY andSUN]

Credit ledger is just like erstwhile RG 23 A & C Part II but online in the control of GST Department/Revenue Department of Finance Ministry. There is no time line and debit/payment of taxes can be conducted/made freely unless until any restrictions if not put of GST Department.

[KASTURI SETHI]

There is no time limitation for using ITC. Limitation is only for availing ITC . I also support the views of both experts.

[Ashiesh Prremji]

Thank you very much to all of you for expressing your views!