Input Credit available in Credit ledger
This query is : Resolved
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.
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.
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.
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.
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