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)
Quick Summary
This discussion addresses a discrepancy between the ITC recorded in the books (60,000) and the ITC available in GSTR 2B (50,000), resulting in a 10,000 difference. The advice suggests preparing a reconciliation statement to identify the cause, potentially a supplier not yet reporting their sales, and exploring options like reversing the credit or waiting for it to appear in subsequent months.

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
Agree with Eswar Reddy ji
You may prepare a reconciliation statement without reversing it ..

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