Dear sir,
if in closing of f.y. 2017/18 my ITC is over from tax payable (duties and Taxes in negative figure) so how we adjust this in balance sheet
Can we transfer this amount in current assets ?
Menu
Adjustment
Replies (4)
You may transfer to current asset or show the same as debit balance under current liability
Thanks for your reply.
but mam if i transfer this balance in Current assets by which name
but mam if i transfer this balance in Current assets by which name
Type GST Receivable or mention CGST or SGST or IGST Receivable.
but it is better to keep it in liability side. No problem if it shown negetive fegure.
thanks for your opinion
Recent Threads
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
- Incometax Survey - Updated Return Filing after the
- TCS under 206C(1F)
- Effect on Cost of Control when Bonus Issue is from
Related Threads
CAclubindia
