Tax Management India. Com
                        Law and Practice: A Digital eBook ...

Category of Documents

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Manuals SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 
Discussions Forum
Home Forum Goods and Services Tax - GST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

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

Issue Id: - 116461
Dated: 7-6-2020
By:- Ashiesh Prremji
Time limit to utilize GST Credit Ledger

  • Contents

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,

Post Reply

Posts / Replies

Showing Replies 1 to 5 of 5 Records

1 Dated: 8-6-2020
By:- Ganeshan Kalyani

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


2 Dated: 8-6-2020
By:- Ganeshan Kalyani

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


3 Dated: 8-6-2020
By:- 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.


4 Dated: 8-6-2020
By:- KASTURI SETHI

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


5 Dated: 8-6-2020
By:- Ashiesh Prremji

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


1

Post Reply

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||