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DRC 03 PAYMENT SET OFF
Payment is being set off in DRC 03 why the cash balance ia not reducing anyone have idea about it??
Replies (7)
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
does cash balance reduces after submitting by evc???
Normally it reduces before EVC only
bro really ???
@ 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)
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)
hii pankaj sir plesse tell whether cash balance in electronic cash ledger reduces after sett off in drc 03?
YES ..........THE CASH LEDGER IS DEBITED
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