hello,
In gst audit we have to report payment not made within 180 days and credit of same should be reversed. But practically it is not possible to trace back each and every bill of each and every creditor. Then how the working of same should be done for GST Audit porpose?
Itc reversal on non payment within 180 days
Replies (2)
Prepare creditors ageing for each month.
Or you can apply test check basis but it is not foolproof.
Or you can apply test check basis but it is not foolproof.
even if i use aging method then too it will show for a particular date. And we have to report each invoice wise.
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