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Input reversal
in the month of September 2019 excess input claimed in 2018-19 was reversed and in 2019 in cgst input rcm there was opening balance of that excess claim Rs.72000 In september 2019 input 200000 less reversal 72000 for that reversal what should be entry since it has been taken to CGST RCM?
Replies (3)
In my opinion the entry should be like this:-
Dear Abhishek
cannot get your query , can explain with example.
cannot get your query , can explain with example.
In my opinion the entry should be like this:-
Excess input reversal A/C Dr.72000
To Cgst input Rcm 72000
Statement of P/L Dr.72000
To excess input reversal 72000
Excess input reversal A/C Dr.72000
To Cgst input Rcm 72000
Statement of P/L Dr.72000
To excess input reversal 72000
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