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TaxTMI 
Time limit to utilize GST Credit Ledger
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....ime limit to utilize GST Credit Ledger<br> Query (Issue) Started By: - Ashiesh Prremji Dated:- 7-6-2020 Last Reply Date:- 8-6-2020 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>Dear Sir, Is....
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.... 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 year? Thank Yo....
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....u, 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: The Reply: Sir, in....
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.... 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 Part II but online in th....
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....e 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 if not put of GST Depart....
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....ment. 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. Reply By Ashiesh Prremji: The Rep....
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....ly: Thank you very much to all of you for expressing your views!<br> Discussion Forum - Knowledge Sharing ....