Dear Sir,I
have a small doubt regarding the ITC availed but not utilised. It was mentioned that in case there is some issues in availing the ITC due to various opinions and issues are pending with High court or Supreme court, whether we can avail and keep it without utilising the same. But the same cannot be kept pending in electronic credit ledger since the same gets adjusted against the dues. GST department inform that you cannot keep anything in credit ledger but only in cash ledger. Please advise
Sreekumar Asked question September 24, 2020
In our view to utilize ITC or not is tax payers prerogative. GST Deptt. cannot dictate terms.
Team Clearmytax.in
Frah Saeed Changed status to publish September 25, 2020