11 July 2018
Dear Sir, I Have Claimed GST credit u/s 140(3), through filing TRAN I, in for vat(state) input & Excise paid Invoice under CGST, I received the same as in SGST 1969554.00 and in CGST -121568 respectively, my issue is SGST adjusted through VAT input on 1st july, but CGST amount is not shown in any where which impact on financial statement how to treat it for finalizing account , should i treat it as in P/L a/c but if yes my GST credit ledger balance as on 31st March 24,77,900.00 which mean i cant use this credit in the year. or can i treat it as provision and use in this F.Y: 2018-19.
CAclubindia
