input tax credit
rahul (student) (66 Points)
03 May 2018where expense will be booked ??
rahul (student) (66 Points)
03 May 2018
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 03 May 2018
Tax Exp Dr.
To ITC(Subject to availability of balance)/Tax liability
(Being ITC reversed as per proviso to section..../ tax liability raised as per proviso to section....)
rahul
(student)
(66 Points)
Replied 03 May 2018
Jeeva Thangavelu
(Student CA Final )
(609 Points)
Replied 03 May 2018
Return cannot be revised at the moment. You have to disallow the portion of ITC so reversed in your subsequent GSTR3B return.
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 03 May 2018
Yes reverse it in subsequent month.
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