HI
IN THE GST PORTAL IT SHOW THE CREDIT OF ITC (CASH LEDGER AND CREDIT LEDGER ) CAN WE SETT OFF FULL ITC AVAIABLE OR IS THERE ANY NEW RULE THAT ONLY PORTION OF IT CAN BE SET OFF
MY CA ASSITANCE TOLD BE NEW RULE HAS COME WHERE FULL ITC SET OFF IS NOT ALLOWED ONLY PART OF ITC CAN BE SETT OF
PLS HELP ITS VERY URGENT
Sir haven’t received any message
Yes he has paid income tax more than one lac
I am still arguing with gst consultant
I have cash ledger credit and credit ledger credit he could utilized both to set off my gst liability
now he says cash ledger credit cannt be utilized because it’s is credit for TDS I am not sure if he’s is correct because what I read that any cash or credit ledger balance can be set off against gst liability
pls respond
CAclubindia
