A company having business in multiple states with requisite GST numbers.
Company's vendors also having multiple state GST registration.
Company maintains saperate vendor codes based on GST numbers.
While accounting, some eligible credits were accounted in wrong vendor code.
Please calrify:
1. Whether credit still eligible?
2. Can returns may rectify now?
3. What are the possible implications?
Regards
Pankaj
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Multiple vendor code as GST registration, accounting done in wrong vendor code
Replies (1)
1 Yes , but have to change GSTN & Address of vendor in books
2. As in regard to Inward supply for which No return has been started yet (GSTR 2) no need to worry just change GSTn of vendor in books . Yes if suppose vendor is local and GSTn is shown of interstate vendor , then that case you have to Reverse the IGST input & add same value to CGST/SGST input in your subsequent 3B
3. Not really any implications just modify the entry in Books of account
2. As in regard to Inward supply for which No return has been started yet (GSTR 2) no need to worry just change GSTn of vendor in books . Yes if suppose vendor is local and GSTn is shown of interstate vendor , then that case you have to Reverse the IGST input & add same value to CGST/SGST input in your subsequent 3B
3. Not really any implications just modify the entry in Books of account
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