Accounting entry for dvat credit carried forward in gst tran 1

ITC / Input 135 views 1 replies

Due banking glitch we ended up making a double payment of tax in our final DVAT return of Quarter Apr-June 2017.

We opted for " Balance Carried forward to Next Tax Period " in DVAT Form 16 for that Quarter of 2017.

This value was claimed in Tran 1 filed (on 28-08-2017) under SGST.

Please guide as to what accounting entry should be passed.

 

 

 

Replies (1)
SGST input A/c Dr
To Input Vat A/c Cr


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