Applicablit of GST on writ off amount of year FY 2015-16
This query is : Resolved
RATILAL LIMBANI
(Querist)
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.
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