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Gst credit on closing stock

ITC / Input 150 views 5 replies

Dear Sir/Madam,

                          I got GST Credit on closing stock for customes duty paid, Which entry i need to pass.

Thank you

Replies (5)
ITC claim a/c. Dr
To Manufacturing/Trading a/c Cr

Thank you sir for your quick reply.

Trading/Manfacturing a/c should group under which head?

income

Thank you

 

 

thank u


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