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INPUT TAX CREDIT

This query is : Resolved 
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(Querist)
06 September 2020 SIR, MANY OF CLIENT HAVE HUGE GST INPUT CREDIT SINCE 2017, TAX RATE OF INWARD AND OUTWARD SUPPLY IS SAME, SHALL WE WRITEOFF SUCH EXCESS CREDIT IN PROFIT AND LOSS ACCOUNT AS NO REFUND CAN BE CLAIMED NOW.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 September 2020 No need to write off, as there is no time limit for utilisation of credit.
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Lekhraj sood

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Lekhraj sood (Expert)
06 September 2020 What is the reason of accumulation of huge credit?
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