Dear Tax Professionals,
Please clarify my doubts Regarding the ITC cary forward on Tally Prime. our customer didn't file GSTR 1 within the due date so it is not reflected GSTR 2B but it is reflected on next month. inward is taken a current month on tally prime.
Please how to entry pass on tally prime to carry forward its ITC to next month
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ITC Carry forward to next month
Replies (11)
Entry in tally
CGST pending for 2B Dr.
SGST pending for 2B Dr.
CGST Input Cr.
SGST Input Cr.
when ITc reflect in 2B below entry
CGST Input Dr.
SGST Input Dr
CGST pending for 2B Cr.
SGST pending for 2B Cr.
CGST pending for 2B Dr.
SGST pending for 2B Dr.
CGST Input Cr.
SGST Input Cr.
when ITc reflect in 2B below entry
CGST Input Dr.
SGST Input Dr
CGST pending for 2B Cr.
SGST pending for 2B Cr.
There is no separate entry is required....Book the purchase entry when it received and setoff accordingly....
No need for entry for carry forward. Same is shown as excess balance in Duties and taxes account.
U may be follow the method of inverted tax structure as solutions. ur gross profit rate decrease from your taxable turnover.
What is this??? @ imthias ahamed kormath
ITC is lessthan OPT or OPT morethan OPT
????? ease reply properly
Opt will b more than ITC
What you mean by opt
After 5 yrs of GST implemention nobody explain proper answer (ca)🙏
But there is no entry for that transaction which is already recorded earlier
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