Reversal and reclaim staement

[mk Jain]

In newly reversal and reclaim statement which date opening value we need to put today or 1st Aug'23.

MKJAIN

[KASTURI SETHI]

The query is too brief to reply. Pl. elaborate.

[mk Jain]

I just want to know that if we are filing opening balance on today in reversal and reclaim statement then which date opening need to file July'2023 closing or Sept'2023 closing.

MKJAIN

[Shilpi Jain]

Date of filing statement is irrelevant.

If you are a monthly filer consider the reversals done up to Jul '23 and report them.

Also consider that, in case there were any credits not reversed explicitly but which you may be eligible to claim in future, include that also as part of this opening balance statement.

AI Summary

Clarification on GST Reversal and Reclaim Statement: Use Closing Balance from July 2023 as Opening Value A user inquired about the correct date for the opening value in a reversal and reclaim statement for GST, questioning whether it should be the closing balance from July or September 2023. Another participant requested more details, while a third participant clarified that the filing date is irrelevant. They advised considering reversals up to July 2023 and including any credits not explicitly reversed but potentially claimable in the future as part of the opening balance statement.