We are having tea gardens and an huge output tax liability without much input tax credit.
Is there any alternative to work on cash flow
Jayanta Bandyopadhyay (316 Points)
17 October 2024We are having tea gardens and an huge output tax liability without much input tax credit.
Is there any alternative to work on cash flow
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5373 Points)
Replied 17 October 2024
1. *Apply for a refund*: If you have excess output tax liability, you can apply for a refund.
6. *Negotiate with suppliers*: Renegotiate prices or payment terms with suppliers to ease cash flow.
7. *Prioritize expenses*: Manage expenses and prioritize essential expenditures.
8. *Consider a GST payment plan*: Approach the tax authorities to discuss a payment plan.
6 days Certification Course on GST Practical Return Filing Process