Cash ledger balance

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20 Points Posted on 30 June 2020
I am a composition tax payer and i have paid excess cash in challan,
now I would like to opt out from composition, and my question is may i utilize the cash in regular
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On 30 June 2020 at 18:52 Report
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Quick Summary
If you're a composition taxpayer and have paid excess cash via challan, you can indeed utilise this balance in a regular scheme when opting out. The excess amount in your cash ledger will remain there even after you switch to the regular scheme.

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20 Points Posted on 30 June 2020
Yes you can utilize the same
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On 30 June 2020 at 22:00
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GST Practitioner
20 Points Posted on 30 June 2020
Yes you can ... the balance in cash ledger will remain therein , even if you opt the regular Scheme
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On 30 June 2020 at 23:50

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