https://www.taxtmi.com/forum/issue?id=120209 Revenue enquiries focus on specific aged creditor entries recorded in the purchase ledger even if the overall net position with the counterparty is a debit. To avoid showing individual aged payables, audited accounts should offset supply invoices against trade receivables so that no credit entry appears overdue; a departmental circular allowing netting may apply, but the department may contest this and relief may need adjudication. Books of account are statutory records and the presentation of offsets may be challenged by the department. en-us Mon, 07 Jul 2025 11:05:52 +0530 Mon, 07 Jul 2025 15:16:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120209 Revenue enquiries focus on specific aged creditor entries recorded in the purchase ledger even if the overall net position with the counterparty is a debit. To avoid showing individual aged payables, audited accounts should offset supply invoices against trade receivables so that no credit entry appears overdue; a departmental circular allowing netting may apply, but the department may contest this and relief may need adjudication. Books of account are statutory records and the presentation of offsets may be challenged by the department. Discussion-Forum GST Mon, 07 Jul 2025 11:05:52 +0530 https://www.taxtmi.com/forum/issue?id=120209