Clearance of goods or services

This query is : Resolved

Rajkumar Gutti (Querist)
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16 December 2017 At the time of clearance of goods or service in GST regime.
Is it necessary to have a credit balance in "Input credit" account
or Cash deposit (PLA) ledger. Like as system in "Central Excise regime"

You are requested to guide us.

Thanking You,

Rajkumar Gutti

Udaya Chandran

Udaya Chandran (Expert)
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16 December 2017 You need not to maintain any cash balance for clearance of any goods/services. You can pay the liability after adjusting ITC in the next month before 20th along with return. No need to maintain cash balance.

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