Your ITC in the books of accounts , which was not taken will remain as Current Assets in your books of accounts due to non filling of return by the supplier. You have already pass entry
Purchase A/c Dr
Input CGST A/c Dr ( Current Assets)
Input SGST A/c Dr ( Current Assets)
To Creditors A/c Cr .
Same will be Carried forward next month .
T R SOOD & CO
New Delhi
CA Inter
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SSGS and Associates
Chennai
CA Inter
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SMJ global advisors pvt ltd
New Delhi
B.Com
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CAclubindia
