DRC03 ECL use

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89 Points Posted on 29 January 2020
Please tell me that about DRC 03 in which a Table where liability set off by Credit ledger which liability can set off by use of ECL
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On 29 January 2020 at 20:05 Report
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Quick Summary
Form DRC-03 allows taxpayers to reverse input tax credit (ITC) that has been previously claimed. This process involves setting off liabilities against the Electronic Cash Ledger (ECL). Essentially, if you need to reverse ITC, you can do so by utilising the ECL Cash Ledger through the DRC-03 form.

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"Do the Right Thing...!!!"
128162 Points Posted on 29 January 2020
Cash Ledger can be set off to same ledgers...
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On 29 January 2020 at 20:48
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1184 Points Posted on 29 January 2020
You you want to reverse input tax credit , you can reverse it through DRC-03 using ITC
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On 29 January 2020 at 22:52

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