Section 4B

This section contains downward adjustments about input tax credit based on Work With Purchase Order Receipts For GST (P75I817) and Work With GST Ledgers Setup (P75I804).

There are two types of reversals in this section.

• Reversal of input credits as per law

  This section displays the personal consumption data retrieved from the Work with Purchase Order Receipts for GST program (P75I817). Depending on the consumption quantity, the system displays the total taxable amount and the total ITC amount for each GST type (IGST, CGST, SGST, Cess) for adjustments.

• Other reversals

  This section displays the adjustment amounts that are retrieved from the GST Ledgers table (F75I823). You can use Work with GST Ledger Setup program (P75I804) for the ITC adjustments.