Dear all,
For the FY 17-18, if taxable sales as per books are more than GSTRs filed during that year, excess liability arises due to difference between accounts and GSTRs, shall I pay the GST now through DRC 03 only by way cash or can I set off with credit ledger balances??
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DRC-03 payment cash or credit ledger set-off??
Replies (3)
Quick Summary
If you have sufficient amount then you can also set off the liability from credit ledger as well.
Thank you for your answer
It is clarified by CBIC that payment shall be via cash ledger although DRC 03 allows using credit ledger even when you choose GSTR-9 as a reason for payment.
https://www.consultease.com/question/gstr-9-2/#.XuS8wEX7TIV
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