GST Credit Reversal for change in GST Rate.
This query is : Open
07 February 2025
A travel agency was charging GST @ 18% for Financial Year 2023-24 with ITC . In 2024-25 it shifted to 5% without ITC. Balance remaining in Credit ledger was Rs. 17000 CGST and 850 SGST. It was transfer of electronic credit reversal ledger. The balance is still lying in that ledger. How to permanently reverse the Credit available in the ledger. ?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- USE THE BANK ACCOUNT OF WIFE
- If ITC not claimed is there any issue
- Benefit of employee
- Place of supply or billing addres which applicable for tax
- Deemed rent on house property
- CAPITAL GAIN IN NEW REGIM
- Profit From trading in MCX Taxable income Rate?
- SALE OF RESIDENTIAL HOUSE PROPERTY PURCHASE AN AGRICULTURAL LAND
- 60 days significance in defining a resident
- REBATE UNDER SECTION 54 FOR SHORT TERM CAPITAL GAIN
- Special resolution for sale of property by pvt ltd co.and its subsidiary
- Tds applicability on car renting service
- GST Credit Reversal for change in GST Rate.
- TDS ON COMMISSION PAID TO E COMMERCE OPERATOR - SWIGGY AND ZOMATO
- Rectification of Mistake in AOC4
- GST on Medical insurance preimum
- GST under RCM paid at which rate
- TDS on repair charges done on exported Goods in Korea
- Form 26AS dosnot contain the amount of TDS/TCS with respect o TAN mentioned in scheule TDS 1/TDS 2/
- Refund of VAT ITC due to Evaporation loss.
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert04 February 2025
CAclubindia
