*How to Handle Ineligible Credit, Capital Goods, and Blocked Credit in IMS๐Ÿ˜Š #gstupdate #gstservices

Confused about what to do with ineligible credit or capital goods in the IMS dashboard? Here's the right way: โœ… **Accept the purchases** in the IMS dashboar...

*How to Handle Ineligible Credit, Capital Goods, and Blocked Credit in IMS๐Ÿ˜Š #gstupdate #gstservices
GST India Daily
5.2K views โ€ข Nov 18, 2024
*How to Handle Ineligible Credit, Capital Goods, and Blocked Credit in IMS๐Ÿ˜Š #gstupdate #gstservices

About this video

Confused about what to do with ineligible credit or capital goods in the IMS dashboard? Here's the right way:

โœ… **Accept the purchases** in the IMS dashboardโ€”even if they're ineligible or blocked credits.
๐Ÿ”„ After accepting, **reverse the credit** in your GSTR-3B form.
๐Ÿšซ **Do not reject** these records in IMS, simply handle the reversal during GSTR-3B filing.

This ensures compliance while keeping your records accurate! ๐Ÿ“Šโœ… #GST #IMS #TaxCompliance #GSTTips

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Published

Nov 18, 2024

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