is there any order for utilisation of credit; using cash or itc.. ?
Should i use credit first and then cash, or cash first and then credit.. ??
PLEASE LET ME KNOW ABOUT THIS
THANKS IN ADVANCE
Replies (2)
Quick Summary
This discussion clarifies the order in which to utilise Input Tax Credit (ITC) and cash for GSTR3B payments. The consensus is to use credit first, followed by cash. The user is seeking the specific section or rule that governs this utilisation order for GST compliance.