13 February 2021
sir I got a circular there a " restriction on the use of balance of electronic credit ledger in gst" . This is w.e.f from Jan 21. it further sales that minimum 1 % of gross output tax liability should be pay. One of my company has turn over around 1 crores and in put tax is excess while comparing output. My doubt is whether any tax liabilities is effect in this case . Please advise.
CAclubindia
