TMI BlogELECTRONIC CREDIT LEDGER-REGX X X X Extracts X X X X X X X X Extracts X X X X ..... Our Total Turnover is exempted, by mistake every month we are accumulating our input itc in electronic credit ledger with out reversing as per CGST Rule 42 43 .Now in our books we transferred itc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ledgers amount to expenditure. but how to reverse credit in electronic credit ledger to tally with our books. - Reply By ANITA BHADRA - The Reply = In my view , accumulated itc can be adjusted by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... adding it to outward liability and the details need to be shown in GSTR 2 ( point 11 ) Since GSTR 2 is presently not to be filed , the detail should be provided in GSTR 3B - Reply By Kusala ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... va InternationalLimited - The Reply = we don't have any outward liability. - Reply By Alkesh Jani - The Reply = Sir, you may reverse the said ITC at Table 4 (B) (1) of GSTR-3B. Thanks - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By YAGAY and SUN - The Reply = We endorse the view of our expert. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = I also endorse the views of Shri Alkash Jain. - Reply By Ganeshan Kalyani ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - The Reply = The input tax credit can be reversed thru GSTR 3B in table 4 (B) 1 or 2. The electronic credit will be debited by that amount. Thanks. - ELECTRONIC CREDIT LEDGER-REG - Query Start ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed By: - Kusalava InternationalLimited Dated:- 19-7-2018 Goods and Services Tax - GST - Got 6 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Mana ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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