Business closed by sundry creditors
This query is : Resolved
30 July 2019
Respected Sir,
One of our supplier has closed his business due to his personal problem. They have yet not file the return last month we have reverse the ITC. But it's pending in books of account. His payment is due with us. Now please suggest how to reverse the ITC in books.
Thank you
One of our supplier has closed his business due to his personal problem. They have yet not file the return last month we have reverse the ITC. But it's pending in books of account. His payment is due with us. Now please suggest how to reverse the ITC in books.
Thank you
30 July 2019
issue debit note to supplier and pay the gst to dept.
31 July 2019
Sir
He Closed his business not responding to us.
Can We Dr. his account only Tax value or Credit IGST Input ( Post Journal Vocher)
because his some payment due with us.
Or any solution please adivse
He Closed his business not responding to us.
Can We Dr. his account only Tax value or Credit IGST Input ( Post Journal Vocher)
because his some payment due with us.
Or any solution please adivse
31 July 2019
if you reversed itc on it then how govt will recover the gst on it. debit supplier a/c and pay to dept , and claim itc
31 July 2019
All ITC reversals which increase output tax liability are required to be paid.
31 July 2019
Thank you Very much Sir,
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