reversal of invoices
kishan agarwal (ARTICLE) (144 Points)
29 October 2018
whether purchase and sales invoice made during the last year can be reversed in this year???
7 Replies
rajni aggarwal
(student)
(137 Points)
Replied 29 October 2018
IN that case you can reverse invoice in current financial year in Sep 2018 return and reversal of ITC in Current FY
kishan agarwal
(ARTICLE)
(144 Points)
Replied 29 October 2018
if i had already filed the return for sep, whether any other option i can use to eliminate the fake invoicea details
rajni aggarwal
(student)
(137 Points)
Replied 29 October 2018
In that case you can reverse these invoice in oct 2018 return as you have no other option and deposit GST with Interest from the date you taken itc till day you make such payment
kishan agarwal
(ARTICLE)
(144 Points)
Replied 29 October 2018
reverse through debit note or credit note??? or reverse the net itc only
rajni aggarwal
(student)
(137 Points)
Replied 29 October 2018
FOR output liability through debit note or credit note but for itc it is through reversal
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