Input Tax reversal if payment not done with in 180 days
includes–
(a) any payment made or to be made, whether in money or otherwise,...................................
As per the above definition, consideration can be in money or otherwise, so book adjustment is considered as consideration for the supplies.
Also, refer to the Case Name : In re Senco Gold Ltd (GST AAR West Bangal)
Appeal Number : Order No. 02/WBAAR/2019-20
The ruling was favoured to applicant that there is no need to reverse ITC for book adjustments and can be considered as payment for the supplies made.
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