in the month of October 2022 Some goods break on the way. We have hold some payment and rest balance Clear to Supplier. supplier never demand to us send back break goods to me. we request to supplier send you account statement to match account balance. as per books of account of supplier our balance is NIL but as per our books of account supplier is balance Rs.10240 Cr. in October 2022 Supplier Cr.Rs.10240/- in his books of account mention narration adjustment of break Goods No document send to us. No show in his GSTR-1 .Can we issue debit note in March month Turnover is Rs.2 Crore book cover under audit 44AB.We not able to issue debit note to supplier in backdate ( Oct.22 ) 2023. so if we issue debit note in march 23 auditor will raise the issue because We already filed GSTR-3B march and ITC reversal not adjusted in march month . What to do in case guide to me. 1st Case (1) entry in 31 March 2023 Dr. XYZ Supplier Rs. 10240/- Cr. IGST input Rs.1562/- CR.Purchase account Rs.8678/-
Dr. IGST Input Rs.1562/- Cr. ITC to be reversed Rs.1562 ( Current Liability ) Its not adjusted in march.
in May month reversed the ITC in while filling In 3B
2nd Case Carried forward Balance Rs.10240/- in FY 2023-24 entry in Mary month
CAclubindia
