i have 70,000 igst balance in electronic credit ledger.
how to use it?
or how to utilise it?
my sales is always less than my purchases.
please guide me
3 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 23 September 2018
You can only setoff any balance in credit ledger by your output liabilities only
Vinod Babu
(24191 Points)
Replied 23 September 2018
You can utilise the credit to set off liabilities while filing returns.
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