Adjustment of credit taken in trans1

Sir,

My question is that I am a trader and having bills in which excise is seperately mentioned, but i didnot keep record of excise duty as it is part of purchase cost for me. But I claimed this excise duty in Tran1 form and trasnfer it to CGST input account. now my question is how to make adjustment in Balance Sheet of this CGST Credit

@ Mr NISHANT SHAH.,

Are You want "Excise Duty Amount to CGST head related adjustment....? or

You want totall GST Tax Related ADjustment...?

Bcoz.,

From ED to CGST transferrred then the entry and it's related adjustment is finished as per above my reply. Then What is Your Exact requirments...????

For Excise Duty bill from manufacturer to dealer , dealer book such duty in his purchase A/c So JV for the same can be done :

CGST input A/c ... Dr

To Direct Income /Purchase Cr

Dear Pankaj Rawat Ji.,

It's not expense dear... It's excess available of Credits...

Dear Raja ji it was wrognly type ,.. the same has been modified

.. Credit can be stock, purchase or Direct Income

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