UTILISATION OF INPUT TAX CREDIT
This query is : Resolved
Quick Summary
Shalini RN
(Querist)
17 January 2023
CAN WE SETTLE 100% OUTWARD TAX WITH ITC (BOTH AVAILABLE IN ELECTRONIC CREDIT LEDGER AND ITC AVAIALABLE DURING THE MONTH) AND NOT PAY GST IN CASH DURING THE MONTH.
CA R SEETHARAMAN
(Expert)
17 January 2023
Yes, in case of your turnover is less than 50 lacs per month.
Shalini RN
(Querist)
17 January 2023
OUR TURNOVER IS LESS THAN 50 LACS PER MONTH. THANK YOU SIR.
CA R SEETHARAMAN
(Expert)
17 January 2023
You are welcome..
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