Shubham Goyal (Student CA Final ) (87 Points)
15 December 2017I HAVE HUGE AMOUNT OF CREDIT BALANCE IN JULY TO OCTOBER MONTH CAN I SET OFF THE SAME AGAINST NOV SALES ?
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 15 December 2017
yes you can use earlier months credit to set of liabilty till the 15/11/2017 after this date restaurant has to pay gst @ 5% without availing input credit
Shubham Goyal
(Student CA Final )
(87 Points)
Replied 15 December 2017
Then what about if july to 15 nov 2017 input is excess than sales.
CAclubindia
