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reversal of output gst
dear sir i have sold some material to my customer 6 months back in December 2018. Now the customer is not giving my payment he gave me a cheque also in gurantee and the cheque failed. i have put up a cheque return case against him in the court also.i want to know that can i claim my output gst back and if yes then what accounting entry will be passed
Replies (1)
No you cannot reverse your output tax liability unless goods is return from Recepient.
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