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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

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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,

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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

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

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!


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