Accounting for cenvat credit under gst regime
This query is : Resolved
22 June 2018
Dear All,
In case of a FSD registered under Excise Act, passes accounting Entries in his Books of Accounts on Filling Transition-1 for booking credit under GST Regime.
In case of a FSD registered under Excise Act, passes accounting Entries in his Books of Accounts on Filling Transition-1 for booking credit under GST Regime.
22 June 2018
Please elaborate Your query...
If You ask about the Accounting process of Availed input credit through TRAN-1?
If Yes...
You can book under "Indirect Income" of the availed ITC thorough TRAN-1
If You ask about the Accounting process of Availed input credit through TRAN-1?
If Yes...
You can book under "Indirect Income" of the availed ITC thorough TRAN-1
23 June 2018
will it not be right to reduce the stock and book the credit
CGST Credit Ledger Dr.
Stock Cr.
CGST Credit Ledger Dr.
Stock Cr.
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