HOW TO REDUCE ITC & which ledger Dr.
This query is : Resolved
09 October 2020
Hello Sir,
I Have a query regarding bank charges:-
SUPPOSE
BANK CHARGES (Dr). 20
INPUT CGST 9% (Dr). 1.8
INPUT SGST 9% (Dr.) 1.8
HDFC Bank Account (cr) 23.60
If i have to remove only itc what will be entry i know that i have to credit Input cgst & sgst 9% and what will be debit?
I Have a query regarding bank charges:-
SUPPOSE
BANK CHARGES (Dr). 20
INPUT CGST 9% (Dr). 1.8
INPUT SGST 9% (Dr.) 1.8
HDFC Bank Account (cr) 23.60
If i have to remove only itc what will be entry i know that i have to credit Input cgst & sgst 9% and what will be debit?
09 October 2020
Debit will be GST payable Account on your outward supply
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