Credit ledger on 1april 2018

What will happen to my ITC available in electronic credit ledger on gst website on 1st april 2018.

New financial year will start on 1/4/18 so does it mean that it will become zero.? 

If not then, when will it become zero and unutilised ITC will reset.?

Replies (6)
It will get carried forward
The all Credits Like Cash Ledger and Credit Ledger will carried forward to next month /Year...
Yes sir it is like current account
Originally posted by : Manas Das
Yes sir it is like current account

 

yesyesyes

How long will it be carried forward.???

No more time limit for Carry Forward. Bcoz, It's our own money / Credits...

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