Filling of form 3CD Clause 27(a)
This query is : Resolved
19 November 2020
while filling form 3CD is it required to fill the Clause 27(a) for GST input tax credit availed and utilized in the previous year??
20 November 2020
Yes it's required to fill the clause.
24 November 2020
If the assessee does not have the Opening and Closing Stocks then how to disclose the Opening and Closing ITC in P&L.
And also where to fill the opening and closing ITC in Trading account in ITR form
And also where to fill the opening and closing ITC in Trading account in ITR form
24 November 2020
Stock and ITC not related. ITC will be there if there is no stock.
24 November 2020
Yes it is very much required. as far as reply to "its treatment in the
profit and loss account" is concerned, you have to fill that part of GST on your inwards supply which was not availed like blocked credits which is added in the cost with relevant expenses.
profit and loss account" is concerned, you have to fill that part of GST on your inwards supply which was not availed like blocked credits which is added in the cost with relevant expenses.
25 November 2020
Thank you Sir for your reply but need some clarification while filling ITR Form, i.e., I want to know where to fill the Opening and Closing ITCs in Trading Account in ITR form.
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