Clearance of goods or services
This query is : Resolved
Rajkumar Gutti
(Querist)
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
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
(Expert)
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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