16 December 2017
At the time of clearance of goods or service in GST regime. Is it necessary to have a credit balance in "Input credit" account or Cash deposit (PLA) ledger. Like as system in "Central Excise regime"
16 December 2017
You need not to maintain any cash balance for clearance of any goods/services. You can pay the liability after adjusting ITC in the next month before 20th along with return. No need to maintain cash balance.
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