Gst credit impact .....very urgent
This query is : Resolved
16 September 2023
Hello
I have a registered supplier(our creditor) whose outstanding balance is 500000/- but we are unable to pay them full so we are settling their account on 350000/-..how to show this in tally and what would be gst credit impact...
I have a registered supplier(our creditor) whose outstanding balance is 500000/- but we are unable to pay them full so we are settling their account on 350000/-..how to show this in tally and what would be gst credit impact...
16 September 2023
Sundry debtors debit 1,50,000
To purchase/stock ac credit 1,50,000.
Reverse ITC on 1,50,000 not paid.
To purchase/stock ac credit 1,50,000.
Reverse ITC on 1,50,000 not paid.
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