31 March 2020
One client has credit ledger balance since march return 2019. And credit balance available in my client gst account .So query is that can we utilise credit ledger balance agaist outward supply liability as on today february 2020 gst return.
31 March 2020
Yes... If ECL having balance then You can set off (claim) in any month's GSTR 3B return...
As per Your query You can set off the balance to Feb-20 GSTR 3B return.
31 March 2020
Yes, all the credit which has been availed in the GST returns and have not been utilised, can be utilised against the GST liability at any point of time, There is limitation to avail the credit and not on utilisation.
You can set off your Feb 2020 liab with the credit balance outstanding since March 2019
CAclubindia
