I HAVE HUGE AMOUNT OF CREDIT BALANCE IN JULY TO OCTOBER MONTH CAN I SET OFF THE SAME AGAINST NOV SALES ?
Gst input in restaurant business for july to october period.
Replies (2)
yes you can use earlier months credit to set of liabilty till the 15/11/2017 after this date restaurant has to pay gst @ 5% without availing input credit
Then what about if july to 15 nov 2017 input is excess than sales.
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