Sir
In Which case if Supplier has quite the whole business. Not filed the GSTR returns.no attaned phone calls. but due to none filing the return by supplier we have reversed the ITC through GSTR-3B. how to adjust the same in books
Suppose the purchase was of Rs.100 and 18% IGST
At the time of Purchase you might have entered this entry
Purchase A/c Dr 100
IGST A/c Dr 18
To Creditor A/c 118
Now when you want to reverse the Input claimed above use the following entry
Purchase A/c Dr 18 (only the amount of tax)
To IGST A/c 18
Just for your Information : Delhi High Court held that GST not paid by supplier will have no implication on input claimed by receiver. So you need not reverse the ITC in my opinion if you are registered in state of Delhi
Thanks for correcting me but the same judgement can be applied in GST regime too.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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