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Reversal of ITC
Sir GST me 180 days k baad payment nahi karne per ITC ko reverse karte hain usko journal entry mein kaise show karna Hain. or Gstr 3B main kaha show karna hain.
Replies (4)
Goog point
in GSTR3B it should be shown in ITC reversal others.
Dr. CGST/SGST/IGST reversed Cr CGST/SGST/IGST payable
Dr. CGST/SGST/IGST reversed Cr CGST/SGST/IGST payable
cgst reversed ledger would be in current account?
yes it will be asset.
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