*How to Handle Ineligible Credit, Capital Goods, and Blocked Credit in IMS๐ #gstupdate #gstservices
Confused about what to do with ineligible credit or capital goods in the IMS dashboard? Here's the right way: โ **Accept the purchases** in the IMS dashboar...

GST India Daily
5.2K views โข Nov 18, 2024

About this video
Confused about what to do with ineligible credit or capital goods in the IMS dashboard? Here's the right way:
โ **Accept the purchases** in the IMS dashboardโeven if they're ineligible or blocked credits.
๐ After accepting, **reverse the credit** in your GSTR-3B form.
๐ซ **Do not reject** these records in IMS, simply handle the reversal during GSTR-3B filing.
This ensures compliance while keeping your records accurate! ๐โ #GST #IMS #TaxCompliance #GSTTips
โ **Accept the purchases** in the IMS dashboardโeven if they're ineligible or blocked credits.
๐ After accepting, **reverse the credit** in your GSTR-3B form.
๐ซ **Do not reject** these records in IMS, simply handle the reversal during GSTR-3B filing.
This ensures compliance while keeping your records accurate! ๐โ #GST #IMS #TaxCompliance #GSTTips
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Video Information
Views
5.2K
Likes
201
Duration
1:01
Published
Nov 18, 2024
User Reviews
4.6
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