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JOURNAL ENTRY

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(Querist)
02 March 2021 IF I RECEIVED A BILL AND ITC OF THAT BILL HAS BEEN LAPSED HOW SHOULD WE MAKE JOURNAL ENTRYIN BOOKS?
IS IT CORRECT ENTRY?
PURCHASE A/C DR
GST EXP(ITC LAPSED) DR
TO VENDOR
IF WRONG, PLZ TELL CORRECT ENTRY
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 March 2021 Include GST also in the purchase account.

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