Question ID :
40688
In Case of reversal ITC can we reverse inter head net off balance (i.e. CGST & SGST netoff)
My question is with regards to reversal of ITC in textile sector, the quarry is as i have balance in CGST and SGST as against stock as on 31/07/2018 and electronic credit ledger in one CGST (-) while in SGST (+) so that we can reverse after set-off of minus balance against positive or we can reverse with respective head and pay interest thereon, in short at the time of reversal inter head adjustment is possible as per GST Law.
posted by
CA. KAKADIYA BHARATKUMAR POPAT
on
Jun 15 2020 12:00AM