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URGENT HELP REQUIRED FOR Stock Loss on Job Working entry in Tally
Please let me inform how to pass an entry in tally for loss of stock with job worker during the job work process. Also let me inform if there is any reversal of GST on the loss of the said stock. if so then what will be the entry in tally.
Replies (3)
Quick Summary
Gst reversal is not applicable.
Just put that stock basic value in stock journal on CONSUMPTION side.
And for normal loss/during production you can take ITC .
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