WAIVED OFF GST CLAIM
This query is : Open
18 December 2020
Respected Sirs,
Ours is a pvt ltd company. Basically we are the exporters. We are having two GST Registration Numbers. One is for Maharashtra state and the other is for Andhra Pradesh. During the fy 2017-18 total exports were effected from Andhra Pradesh and the export invoices were also raised from Andhra Pradesh but the shipping lines raised the export freight bills on Maharashtra GST Number because of which the said bills were reflecting in 2-A of Maharashtra State instead of reflecting in 2-A of Andhra Pradesh. In such situation the auditor waived off the total amount as reflected in 2-A of Mahrashtra GST Number but the said amount is still outstanding under GST Claim and till today we have not written off the said amount in our books of account. Can we write off the said amount in fy 20-21 audit of which is still going on and in such case we will credit gst claim fy 17-18 but which account will get debited. Please guide me and oblige sir.
Ours is a pvt ltd company. Basically we are the exporters. We are having two GST Registration Numbers. One is for Maharashtra state and the other is for Andhra Pradesh. During the fy 2017-18 total exports were effected from Andhra Pradesh and the export invoices were also raised from Andhra Pradesh but the shipping lines raised the export freight bills on Maharashtra GST Number because of which the said bills were reflecting in 2-A of Maharashtra State instead of reflecting in 2-A of Andhra Pradesh. In such situation the auditor waived off the total amount as reflected in 2-A of Mahrashtra GST Number but the said amount is still outstanding under GST Claim and till today we have not written off the said amount in our books of account. Can we write off the said amount in fy 20-21 audit of which is still going on and in such case we will credit gst claim fy 17-18 but which account will get debited. Please guide me and oblige sir.
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