Tran 1 credit
This query is : Resolved
10 September 2018
DEAR ALL,
what is the accounting Treatment for the TRAN I Credit taken on Duty Paid Invoice (Excise Paid), for finalizing the Account as per Law, as VAT input balance is shown in Balance sheet and converted in SGST ITC but there is no balance of CGST balance previous which is to Taken as ITC .
what is the accounting Treatment for the TRAN I Credit taken on Duty Paid Invoice (Excise Paid), for finalizing the Account as per Law, as VAT input balance is shown in Balance sheet and converted in SGST ITC but there is no balance of CGST balance previous which is to Taken as ITC .
10 September 2018
https://www.caclubindia.com/experts/input-tax-credit-2689924.asp
https://www.caclubindia.com/forum/adjustment-of-credit-taken-in-trans1-483465.asp?offset=1
https://www.caclubindia.com/forum/adjustment-of-credit-taken-in-trans1-483465.asp?offset=1
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