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Cash credit ledger credit

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DALIP KUMAR

B.Com

245 Points Posted on 17 April 2024

On dated 05.04.24 Ref. 8414504 Reversal of late fees and interest credit IGSt Rs.187588.00 CGST Rs. 2925.00 SGST Rs.2925.00
I couldn't
understand, how it's reversal, fy 2023-24 I check all is ok, Can i adjust it's amount in next March 24 GSTR3B .
please sugest me..

Replies (6)

Quick Summary

A user received a credit of Rs. 187588.00 (IGST), Rs. 2925.00 (CGST), and Rs. 2925.00 (SGST) in their GST cash credit ledger on 05.04.24, labelled as a reversal of late fees and interest. They are unsure how this credit occurred, as they don't recall such charges, and are seeking advice on whether this amount can be adjusted against future GST payments, specifically in their March 24 GSTR3B.

CA Danish Abbas

Proprietor

161 Points Posted on 17 April 2024

I couldn't understand your query
Can you elaborate

DALIP KUMAR

B.Com

245 Points Posted on 17 April 2024

Sir, my firm gst cash credit ledger unfortunately credit on dated 05.04.24 , it's mention revarsal of late fees and interest....

RAJA P M

"Do the Right Thing...!!!"

128162 Points Posted on 17 April 2024

@ Mr DALIP KUMAR,

Once again it's not clear...

DALIP KUMAR

B.Com

245 Points Posted on 18 April 2024

Ok sir, I only say that gst cash credit ledger m ek reference 8414504 ( Reversal of late fees and interest) show ker raha h, abhi tak koi bhi itna bada amount n to late fees h Or n interest h, ab iska m benifit apni next gst paid m loo ya n loo....