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GST Credit
I have done two business entity accounting (name are same one in Maharashtra & other in Gujarat) one invoice raised by( supplier in Maharashtra) on Gujarat entity but I have passed in Maharashtra entity books .how I correct gst credit this year.
Replies (1)
In Maharashtra:
Reverse the Purchase in Books of Maharashtra & in Subsequent 3B Reverse the ITC.
In Gujarat :
Book the Purchase & claim ITC in Your GSTR 3b
Note : Do pass the Accounting Rectification Entries in previous FY & ITC claim & Reversal is to report in your current fy
Reverse the Purchase in Books of Maharashtra & in Subsequent 3B Reverse the ITC.
In Gujarat :
Book the Purchase & claim ITC in Your GSTR 3b
Note : Do pass the Accounting Rectification Entries in previous FY & ITC claim & Reversal is to report in your current fy
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