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Can we transfer of amount in credit ledger
sir we have an amount in credit ledger that to in cgst only can we transfer amount equally to the cgst and sgst if their an possibility please tell me how to transfer if such an rule is their please convey me the rules in gst act .....
Replies (2)
Quick Summary
No, you can not trasfer amount in credit ledger from one head to other head.
Inter head trasfer is allowed only in cash Ledger, not in credit Ledger.
Inter head trasfer is allowed only in cash Ledger, not in credit Ledger.
Electronic cash ledger reflects all amount paid by cash (Form PMT-5). 2) Electronic credit ledger the input tax credit avilable(Form GST PMT-2). 3) Electronic Liability Ledger reflects all return related liabilities (Form GST PMT-01 part I). You can only transfer amount from one head to another in Electronic Cash Ledger only.
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