ITC IN GST PORTAL
Kkr Karan (37 Points)
16 September 2017
PLS LET ME KNOW ABOUT THE ITC IN GSTR 2 COLUM 11
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 16 September 2017
Yeah.... Very Good Question Mr. Karan, I appreciate You...
These columns are ITC reversal/reclaim. It means, (You know the payment details like. Received inward supplies from a supplier and we use the invoice related ITC. But, We didn't pay the amount within 180 days)
the columns used for above said not pay the invoice amount to suppliers then we/automatically reverse the invoice related ITC in GSTR 1 as liability......
These columns are ITC reversal/reclaim. It means, (You know the payment details like. Received inward supplies from a supplier and we use the invoice related ITC. But, We didn't pay the amount within 180 days)
the columns used for above said not pay the invoice amount to suppliers then we/automatically reverse the invoice related ITC in GSTR 1 as liability......
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