Since GST has come into force on 1st July 2017 . i have seen that many entities are carrying forward their Input tax credit in current asset side. I feel this inflates the assets value. I am not sure what has to be done? As per me it has to be written off , is this correct?
Please do let me know at the earliest.
Thanks in advance
Just to clarify they are carrying forward the Input credit for service tax
Just to clarify they are carrying forward the Input credit for service tax
Just to clarify they are carrying forward the Input credit for service tax
CAclubindia
