10 November 2017
As per the electronic liability register Rs 56,119 payable balance as on 31st October 2017
As per the electronic credit ledger Rs 14,070 ITC balance as on 31st October 2017 ==================================================================== Nett payable balance Rs 42,049 ====================================================================
Someone has informed me that unless and until 42,049 is paid by e-payment. Offsetting of Rs 14,070 is not possible. Is it correct ?
CAclubindia
