Requirement of deposit - Can be paid through Input Tax Credit ...

Case Laws GST

December 11, 2023

Requirement of deposit - Can be paid through Input Tax Credit (ITC) or in cash only - In the said Notification issued by the Central Government on the recommendation of the GST Council, it has been specifically stated that at least 20 per cent of the 12.5 per cent remaining due and payable should be paid from the Electronic Cash Ledger. Hence, even the GST Council understood the ten per cent to be enabled for payment through the Electronic Credit Ledger. - HC

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Requirement of deposit - Can be paid through Input Tax Credit ...

Case Laws GST

December 11, 2023

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