Electronic credit ledger balance

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GM FINANCE
78 Points Posted on 30 May 2017

On 20.5.17  In my electronic credit ledger IGST input tax credit tax available is Rs.1000. On 26.5.17 we  have sold interstate sale  and collected Rs. 1500. There is no balance on 26.5.17 in Electronic cash ledger. Can we make a sale without depositing any amount in electronic cash ledger on 26.5.17.

thanks in advance

Joseph David

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On 30 May 2017 at 12:46 Report
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202 Points Posted on 30 May 2017
Yes of course you can make sale but when your return for next month is filed whatever tax liability arises you have to pay in cash or use ITC
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On 30 May 2017 at 13:00
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27 Points Posted on 30 May 2017
EXPORT DIRECT AGAINST UK 1 valid till Jan 18. Now under GST EXPECTED from 1.07.17 the existing UK 1 is valid or we have obtain Fresh permission from GST
Mrinal Godwammi
Hindustan Composites Limited
Mumbai
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On 30 May 2017 at 15:04

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