GST Payable now shall be paid. ITC Deferred a/c balance left out now shall be recoverable in next months as when appear in Fom-2A.
Let’s Take an Example for better understanding
Make Entry in Books after the Reconciling of Form -2A [ Amount in Rs.]
|1. ITC – Deferred||50 Dr.|
|2. ITC||10 Dr.|
|3. GST Payable a/c||60 Dr.|