Accounting of transitional credit
This query is : Resolved
30 April 2018
Hello members,
I want to know the accounting treatment of Transitional Credit. As we procured the Excise paid goods but we were not registered under Excise law but We are registered under GST so we have to take the ITC of Excise on stock as on 30.06.2017 as CGST Credit.
Please Suggest the solution.
Regards,
CA Antriksh Mishra
I want to know the accounting treatment of Transitional Credit. As we procured the Excise paid goods but we were not registered under Excise law but We are registered under GST so we have to take the ITC of Excise on stock as on 30.06.2017 as CGST Credit.
Please Suggest the solution.
Regards,
CA Antriksh Mishra
02 May 2018
Please suggest the accounting treatment of above problem.
Thanks
Thanks
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