i have claimed tran1 claim of excise against my stock on 30/06 . in my books excise was not shown separate and was included in purchase account only.
now what will be the accouting treatment of the cgst refund i have received in the gst portal of tran1 in my books of account anf how it will be reflected in books
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accounting treatment of tran1 claim of excise
Replies (1)
then you have to show this amount as your current assest
cgst A/c debit to
exise claim(trans 1)
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