ITC AVAILABLE IN ELECTRONIC LEDGER AT GST PORTAL AND FILING GSTR 10 IS NEED TO REVERSE ELECTRONIC LEDGER ITC OR IGNORE?
please guide me
5 Replies
Shivam RC
(Student)
(23683 Points)
Replied 17 November 2020
You need to reverse the ITC available in your E-Credit ledger...
Vijay Sharma
(175 Points)
Replied 17 November 2020
But how to know that which ITC against which bill and only reverse or need to pay ITC claimed tax?
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 17 November 2020
A taxable person whose GST registration is cancelled or surrendered has to file a return in Form GSTR-10 called as Final Return. This is statement of stocks held by such taxpayer on day immediately preceding the date from which cancellation is made effective
Vijay Sharma
(175 Points)
Replied 17 November 2020
And turnover in the FY was below 1cr also need to file GSTR9 or not?
Shivam RC
(Student)
(23683 Points)
Replied 17 November 2020
No not required to file GSTR-9 for FY 2017-18, FY 2018-19 and FY 2019-20 if Aggregate Turnover is upto Rs. 2 crores.
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