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ITC difference balance sheet
Dear sir,. in March month Purchase ITC Asper book 60000. In GSTR 2B ITC is 50000.sales ITC 30000 I took ITC Asper 2B.In electronic ledger ITC 30000 show in balance in current assets.but my doubts is that 10000 Asper book ITC where did show in Balance sheet
Replies (3)
Findout the reason for difference..Which supplier has not sent the ITC ?
It might have come in subsequent months ..
You may reverse the 10000/- ITC against the party
Supplier a/c Dr
To ITC
It might have come in subsequent months ..
You may reverse the 10000/- ITC against the party
Supplier a/c Dr
To ITC
Agree with Eswar Reddy ji
You may prepare a reconciliation statement without reversing it ..
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