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Adjustment entry

chandan acharjee (accounts officer) (49 Points)

27 March 2019

What is procedure for adjustment entry at present between GSTR 1and ITC in related accounts for FY 2017-2018 if any wrong entry passed in accounts?

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RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 27 March 2019

***First of its my/ours way just for better understanding...

Prepare 3 ledgers as IGST adjustments, CGST adju & SGST adju....

Post journal entry to adjustment ledgers from Input Tax & Output Tax..

Finally You can get payable / ITC value then You can get exact values...