The doubt is in regard to Rule 43 ie reversal of ITC with regard to Capital goods. Say in case, ITC of Capital Goods is Rs.1 Cr for 12 months and monthwise details are not available. Can we take directly 20% (12/60) in the case or we should calculate monthly ? And another doubt is, while filing GSTR 3B we have shown entire reversal under Rule 42 including reversal of ITC of Capital Goods. We have not shown it under Rule 43. Now while filing Annual Return how can I rectify it.Click here to view / answer Share it on
Hi Kindly resolve the query related to CSR reversal.
Company has introduced the CSR policy in the year 2016-17. Financials for the year ending 2018-19 shows that the company is under loss,hence it has not spent on CSR and in the current year i.e. 2018-19 the company has reversed the provision for created for CSR.
Can the private company reverse the provision created for CSR?
What are the compliances/disclosures to be made?
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