Tran-1 credit

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

29 March 2018 Sir,

Mr X has filled Trans-1 on the basis of Invoice on which seperate credit is shown ?

my question is what entry is passed in books for such credit

please reply on uregent

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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29 March 2018 https://help.tallysolutions.com/docs/te9rel61/Tax_India/gst/recording_a_jv_for_transitional_credit_under_gst.htm

Querist : Anonymous

Querist : Anonymous (Querist)

30 March 2018 I am taking credit on the basis of Excise Invoice on which seperate credit is shown but such excise is not pass on to other as it is added in purchase price.

If I passed entry CGST A/c Dr
To Excise duty
in this case excise ledger still show in books as it is based on Invoice only how this excise ledger will be square off.

kindly reply on urgent

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