adjustments

No you can't adjust late fee. You have pay amount under late fees head

Input tax credit can be utilized only for the payment of output tax and the definition for which is _output tax” in relation to a taxable person, means the tax chargeable under this Act on taxable supply of goods or services or both made by him or by his agent but excludes tax payable by him on reverse charge basis.

All other things will have to be paid in cash i. e. Through e cash ledger

Not possible to adjust late fee from electronic credit ledger