How to make entry of credit taken in Tran 1 in accounts. On 31march 18 closing show gst output is 171000 more than gst input.
2 Replies
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 30 September 2018
ITC - CGST/SGST A/c. ...Dr
To Stock A/c ...........Cr
To Stock A/c ...........Cr
Dastagiri
(ipcc)
(79 Points)
Replied 01 October 2018
sir I have filed tran 1 regarding transitional credit of vat . that credit was reflecting electronic credit ledger. but at the time of filing of July month gstr3b return again I have taken 50% of cgst and 50% sgst .then after electronic credit ledger amount was increasing.that time I understood wrongly taken.now what is the rectification
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