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excess credit availed
what will be income tax implications of excess input credit balance as on 31st March 2018.?
Replies (3)
Are u asking Input credit balance of GST? 🤔
No sir...i m asking about excess credit taken as per return filled and as per books of accounts...like for example I have availed excess credit in the month of November 2017 than the actual credit as per my books due to some clerical error
I think you are talking about the credit Leger in gst. So on 31stMarch, your gst account shows credit Leger balance.
This excess credit balance will not affect income tax.
This excess credit balance will not affect income tax.
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