Yes. Such deposited amount can be utilised against the output tax liability and balance amount shall be refunded to the applicant subject to Section-54 of the CGST Act.
(ICAI FAQ PUBLICATIONS 06-09-2017 REGISTRATION:FAQ NO.23)
ॐ असतो मा सद्गमय
Yes. Such deposited amount can be utilised against the output tax liability and balance amount shall be refunded to the applicant subject to Section-54 of the CGST Act.
(ICAI FAQ PUBLICATIONS 06-09-2017 REGISTRATION:FAQ NO.23)