Offsetting of liability against the available itc
This query is : Resolved
10 November 2017
As per the electronic liability register Rs 56,119 payable balance as on 31st October 2017
As per the electronic credit ledger Rs 14,070 ITC balance as on 31st October 2017
====================================================================
Nett payable balance Rs 42,049
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Someone has informed me that unless and until 42,049 is paid by e-payment. Offsetting of Rs 14,070 is not possible. Is it correct ?
ah
tr
As per the electronic credit ledger Rs 14,070 ITC balance as on 31st October 2017
====================================================================
Nett payable balance Rs 42,049
====================================================================
Someone has informed me that unless and until 42,049 is paid by e-payment. Offsetting of Rs 14,070 is not possible. Is it correct ?
ah
tr
11 November 2017
Yes, first you need to pay the balance payable amount and you can adjust the credit against liability online.
11 November 2017
I appreciate your keen interest u have taken on this issue. Thank u very much.
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