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Journal Entry for Reversal of Input Tax credit

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11 January 2022 What is the Journal entry for Reversal of Input Tax credit ?.
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
14 January 2022 ITC will be credited and if you can identify on which purchase or expense the ITC is being reversed then that head will be debited otherwise debit the expenses in a general expense head.
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