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DRC 03 PAYMENT SET OFF

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43 Points Posted on 22 August 2019
Payment is being set off in DRC 03 why the cash balance ia not reducing anyone have idea about it??
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On 22 August 2019 at 22:24 Report
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Student
26 Points Posted on 22 August 2019
You can offset your liability with credit or cash ledger. After off setting the DRC 03 you have to first submit your DRC with an EVC or DSC
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On 22 August 2019 at 22:31
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43 Points Posted on 22 August 2019
does cash balance reduces after submitting by evc???
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On 22 August 2019 at 22:32
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Student
26 Points Posted on 22 August 2019
Normally it reduces before EVC only
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On 22 August 2019 at 22:35
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43 Points Posted on 22 August 2019
bro really ???
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On 22 August 2019 at 22:37
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GST Practitioner
55067 Points Posted on 23 August 2019
@ Aditi
if you are setting off the liability created in Annual Return , you cannot setoff it by credit ledger , it's mandatory to setoff from cash ledger ( refer Notification 74/2018 CT)
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On 23 August 2019 at 00:39
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43 Points Posted on 23 August 2019
hii pankaj sir plesse tell whether cash balance in electronic cash ledger reduces after sett off in drc 03?
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On 23 August 2019 at 10:24
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GST Practitioner
55067 Points Posted on 23 August 2019

YES ..........THE CASH LEDGER IS DEBITED

301 Reply
On 23 August 2019 at 18:14


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