GST Advisory on reporting opening balance for ITC reversal

ITC Reversal

Government has issued GST Advisory on date extension for reporting opening balance for ITC Reversal on 29-12-2023. In order to facilitate the taxpayers in correct and accurate reporting of ITC reversal and reclaim thereof and to avoid clerical mistakes, a new ledger namely Electronic Credit and Re-claimed Statement was introduced on the GST portal. This … Read more