Credit ledger on 1april 2018

harsh (Business) (105 Points)

26 March 2018

What will happen to my ITC available in electronic credit ledger on gst website on 1st april 2018.

New financial year will start on 1/4/18 so does it mean that it will become zero.?

If not then, when will it become zero and unutilised ITC will reset.?

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6 Replies

Manas Das (1431 Points)
Replied 26 March 2018

It will get carried forward

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 26 March 2018

The all Credits Like Cash Ledger and Credit Ledger will carried forward to next month /Year...

Manas Das (1431 Points)
Replied 26 March 2018

Yes sir it is like current account

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 26 March 2018

Originally posted by : Manas Das
	Yes sir it is like current account

harsh (Business) (105 Points)
Replied 26 March 2018

How long will it be carried forward.???

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 26 March 2018

No more time limit for Carry Forward. Bcoz, It's our own money / Credits...

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