ITC yet not availed
This query is : Resolved
29 September 2020
Dear Sir
We have forgot to claim ITC on one bill of RS.11431/- for the month of March 2020. Please suggest below entry in tally is right or wrong.
ITC yet not availed ( Current Assets) Dr. RS .11431/- (31.03.2020)
Input IGST Cr. Rs.11431/-
Input IGST RS.11431/- DR. ( 12.04.2020 entry in april 2020)
ITC yet not Availed Rs.11431/- Cr.
We have forgot to claim ITC on one bill of RS.11431/- for the month of March 2020. Please suggest below entry in tally is right or wrong.
ITC yet not availed ( Current Assets) Dr. RS .11431/- (31.03.2020)
Input IGST Cr. Rs.11431/-
Input IGST RS.11431/- DR. ( 12.04.2020 entry in april 2020)
ITC yet not Availed Rs.11431/- Cr.
29 September 2020
Yes, you have reversed the entry so that is alright.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- NON- SUBMISSION OF LLP FORM 3
- Last year TDS Claim
- Long Term Service award taxability in hands of company
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Free lancer income
- TDS related Query_Liquidated Damages
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
