TaxTMI 
TaxTMI 
ELECTRONIC CREDIT LEDGER-REG
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....LECTRONIC CREDIT LEDGER-REG<br> Query (Issue) Started By: - Kusalava InternationalLimited Dated:- 19-7-2018 Last Reply Date:- 25-7-2018 Goods and Services Tax - GST<br>Got 6 Replies<br>GST<br>Our Tota....
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....l 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 ledgers amoun....
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....t 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 adding it to outwar....
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....d 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 Kusalava InternationalLimited: The R....
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....eply: 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 Reply By YAGAY and SUN: The Reply: We endo....
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....rse 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: The Reply: The input tax credit can be reversed ....
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....thru GSTR 3B in table 4 (B) 1 or 2. The electronic credit will be debited by that amount. Thanks.<br> Discussion Forum - Knowledge Sharing ....