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TMI BlogTime limit to utilize GST Credit LedgerX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, Is there any time limit to utilize GST Credit Ledger in normal scenario? Suppose if i have accumulated ITC in my GST Credit Ledger , can i use it to set-off outward liability for current ye ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ar? Thank You, - Reply By Ganeshan Kalyani - The Reply = Sir, you can utilize the credit in Electronic Credit Ledger to offset your current year's GST liability. - Reply By Ganeshan Kalyani - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The Reply = Sir, in my view, there is no time limit to utilize the credit lying in Electronic Credit Ledger. - Reply By YAGAY andSUN - The Reply = Credit ledger is just like erstwhile RG 23 A C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Part II but online in the control of GST Department/Revenue Department of Finance Ministry. There is no time line and debit/payment of taxes can be conducted/made freely unless until any restrictions ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... if not put of GST Department. - Reply By KASTURI SETHI - The Reply = There is no time limitation for using ITC. Limitation is only for availing ITC . I also support the views of both experts. - R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply By Ashiesh Prremji - The Reply = Thank you very much to all of you for expressing your views! - Time limit to utilize GST Credit Ledger - Query Started By: - Ashiesh Prremji Dated:- 7-6-2020 G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxman ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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