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excess ITC setoff

ITC / Input 160 views 3 replies
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Article
281 Points Posted on 24 May 2018
In gstr 3b excess sales were shown and the output tax was completely set off using ITC but the actual sales were less , so now will the excess ITC setoff be automatically added to credit ledger
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On 24 May 2018 at 11:02 Report
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Chartered Accountant
12739 Points Posted on 24 May 2018

SHOW THE SALES LESS IN NEXT MONTH

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On 24 May 2018 at 11:07
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Article
281 Points Posted on 24 May 2018
so it means ITC once setoff can't be again reflected in credit ledger and we have to adjust it by adjusting next month's sales
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On 24 May 2018 at 11:42
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CA in service
727 Points Posted on 24 May 2018
Show the correct sales in gstr1 and it will be reflected in credit ledger in next month.........
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On 24 May 2018 at 12:18


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