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Tran 1 credit entry

This query is : Resolved 
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(Querist)
30 September 2018 How to make entry of credit taken in Tran 1 in accounts.  On 31march 18 closing show gst output is 171000 more than gst input.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
30 September 2018 No entry in books of accounts required. Credit balance in 'GST Collected a/c'
equivalent to TRAN-1 amount may be credited to P & L account.

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