in our organization excise audit has been conducted by department & a memo issue to reverse INPUT CREDT I YOUR BOOK ,SO WHICH HEAD WE PAY SUCH REVERSAL with interest & penalty,pls suggest
since it is excise audit memo please debit excise duty it will Not have relevance in GST. if you have already claimed credit of above said itc in trans1 then reverse the credit in gstr3b and make reversal entry in books by crediting cgst head
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CAclubindia
