banner_ad

Credit in Trans 1

ITC / Input 134 views 2 replies
If we have stock on 30/06/2017. that time we have only state vat credit and after coming the GST we have available SGST AND CGST. how to adjust the credit of CGST in book. lets say we have credit of VAT 50000 & NOT central tax credit. VAT transfer credited in SGST AND CGST credit become lets say 450000, how to adjust in the book.
Replies (2)

Adjust VAT credit of 50000 through material cost i.e. Debit SGST Input Tax credit and credit Material cost to which VAT pertained

if answer is not satisfactory can you please eloborate your query

I am asking what about CGST. OF 450000


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details