After filling my Gstr 7 for confirming GST TDS Credit. the credit is reflected in my CASH LEDGER.
1) can I use this cash ledger balance for RCM PAYMENT.
2) Otherwise how can I claim refund of that cash balance.
3) Is the same cash balance also possible to be utilised in INCOME TAX PAYMENT say Adv tax.
GST TDS CREDIT UTILISATION
Replies (2)
1. Yes you can pay RCM with this amount.
2. You can claim refund. There is an option in refund tab on portal.
3. No
Thanks CA Saloni.
regarding 2) I want to claim refund of cash balance IGST and will deposit it as CGSt and IGST cash balance. Because I want to adjust my RCM liability which is almost all as Cgst and IGST generally.
regarding 2) I want to claim refund of cash balance IGST and will deposit it as CGSt and IGST cash balance. Because I want to adjust my RCM liability which is almost all as Cgst and IGST generally.
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
