CGST Liability only
CGST and IGST liability
CGST, IGST and SGST liability
None of them
Answer is Right!
Answer is Wrong!
The correct answer is: C. CGST, IGST and SGST liability.
The balance in the electronic credit ledger under CGST can be used against the following liabilities:
- CGST liability
- IGST liability
- SGST liability
The electronic credit ledger is a system that allows businesses to track their input tax credits. Input tax credits are amounts that businesses can claim as a credit against their output tax liability. The balance in the electronic credit ledger can be used to offset future output tax liability.
The electronic credit ledger is a valuable tool for businesses that can help them to reduce their tax liability. Businesses should make sure that they are aware of the rules
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