Good afternoon
After TRAN 1 verification by CGST officer some portion of TRAN 1 credit dissallowed. Now how to reverse that portion with interest and how to set off in return. Kindly guide
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TRAN I CREDIT
Replies (6)
Why disallowed the tran1 credit by gst officer
because material lying in the go down and the go down was not in our RC copy.
you can reverse in GSTR 3B in "other reversals"
and interest and how it will be setoff
in GSTR 3B, to be paid through cash ledger
if there is no liability then how to set off from cash ledger
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