20 February 2021
In case there is Credit balance in Electronic Ledger Say 15000/- in CGST and 10000 in SGST then also one has to pay challan either 35% of last challan or self assessment process? Can we adjust the tax liability for Jan month with amount stands in credit balance in electronic ledger?
what is the exact procedure of calculation and making challan payment in GST if one by default opted QRMP scheme
20 February 2021
Sir, is there any calculation to be submitted in any form with GST Portal? for example if the tax liability for Jan month is Rs 24000.00 and there is credit balance in Electronic Ledger is Rs 25000.00 ( in CGST rs 15000 and SGST 5000) so can i adjust the tax and pay SGST Rs 7000.00
CAclubindia
