Question ID :
44451
ITC of FY 21-22 reversed in Sep`22
One person had reversed excess ITC taken in FY 2021-22 [due to not uploaded in portal by suppliers] in sep `22.Now the issue is how to show this in FY 2022-23 ?? Will it affect purchase figure of FY 2021-22 which was already audited ??
Posted by
SUDIP KUMAR MUKHOPADHYAY
on
Mar 27, 2023
Filed Under
GST
Generally u have to show in unclaimed ITC in FY 2021-22 itself and reverse in FY 2022-23. As u have not claimed in Previous year u have to adjust to purchase account in current year by claiming ITC.
Posted by
VINAY BHARGAV KUMAR G on
Mar 28, 2023