Input Credit available in Credit ledger

This query is : Resolved

Tapash Kumar Biswas (Querist)
Follow

19 April 2025 We have a Pvt Ltd Co, have opened a Dialysis Unit to providing Dialysis services in Hospital under supervision of expert doctors and purchased Dialysis Machines (Invoices are with GST) in the Hospitals.

Though the Dialysis services is " exempted " under purview of GST , we have filed GST Return every month in due course. But the input Credit lying idle in Credit ledger every year, as we are not able to use the credit for settlement of any liability.

Pls suggest what should we do for removal of input Credit lying idle in input ledger.

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
Follow

12 August 2025 You must reverse the ITC related to exempt supplies via your GST returns.

The input credit lying idle in the credit ledger must be adjusted out through ITC reversal.

You cannot claim refund on that ITC.

Ensure you correctly classify purchases and calculate the reversal amount.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

jagadheswar goud

eddanapudi murali

SHIBSANKAR DEY

R Prabhudoss

SANJAY GOSALIA

Subscribe Now

Input Credit available in Credit ledger

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

CA Final

Accountant

GST CONSULTANCY

GST CONSULTANT

Manager- Finance and Compliance