Applicablit of GST on writ off amount of year FY 2015-16
This query is : Resolved
26 November 2020
Dear Experts
My client having Credit balance of Rs 100000 since FY 2015-16, now he wants to Writ off this amount by crediting in Profit and Loss A/c. in FY 2019-20
my question is , whether GST will applicable on Rs 100000 or not.
My client having Credit balance of Rs 100000 since FY 2015-16, now he wants to Writ off this amount by crediting in Profit and Loss A/c. in FY 2019-20
my question is , whether GST will applicable on Rs 100000 or not.
27 December 2020
GST ITC credit availed needs to be reversed if the payment is not made within 180 Days from the date of the invoice.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Eway bill for machinery reparing
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- ITR validation error - Balance sheet is not filled
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
