Dabble entry of purchase invoice.
This query is : Resolved
15 July 2021
Dear Sirs,
I have entered 5 invoices of same party twice and claimed input tax in the month of may. My query is how to reverse the entries as the other party is not giving any credit note. for the same. Kindly advise what to do. As this is the First Time I am little bit confused. Please give your valuable advise.
Thanks in advance,
I have entered 5 invoices of same party twice and claimed input tax in the month of may. My query is how to reverse the entries as the other party is not giving any credit note. for the same. Kindly advise what to do. As this is the First Time I am little bit confused. Please give your valuable advise.
Thanks in advance,
15 July 2021
Excess ITC to be reversed in the subsequent gstr3b. Just reduce the excess ITC manually.
16 July 2021
Thank you for your valuable reply, my doubt is how to reverse in 3B
16 July 2021
Reduce it from Table 4(b)
16 July 2021
In your GSTR-3B -Show the tax amount to be reversed in Table-4 Eligible ITC >> (B) ITC Reversed >> Others.
But along with the reversal, you have to pay the applicable interest as well.
But along with the reversal, you have to pay the applicable interest as well.
26 September 2021
Well said Deepa........
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