Session on GSTR-1 & GSTR-3B (Basic to Advanced with Practical Filing)
Advanced Income Tax Act 2025
3-Day Session on Input Tax Credit (ITC)
Reversal of GST by GST 3B neither treat expenses nor treat as drawing in capital account
If the reversal is related to capital goods credit, you can capitalize to the relevant asset.
In all other cases, it should be charged off to P/L A/c
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