Hi,
In GST portal we have electronic Credit of rs. 120000 pls advise how to adjust while making the payment.
pls note we make the make in chq only not in online pls help
Thanks in advance
3 Replies
Sandeep Jain
(Pivate)
(1459 Points)
Replied 15 April 2023
Electronic ledger balanc (ITC) adjusted with Liability
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 15 April 2023
As per Section 49 the balance in Credit Ledger can be adjusted only against output liability.
sabyasachi mukherjee
(27579 Points)
Replied 17 April 2023
It will get automatically adjusted with sales . I.e., output gst.
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