Accounting for cenvat credit under gst regime
This query is : Resolved
ANKUSH GARG
(Querist)
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
ANKUSH GARG
(Querist)
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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