📍Big Mistake in GST ITC on Purchase Return #shorts

Purchase accounting with GST and ITC explained in a simple way. @cadeveshthakur #shorts #youtubeshorts #trending #viral #cadeveshthakur Learn purchase entry with GST, purchase return entry, and how input tax credit (ITC) works in accounting with proper journal logic.

In this video, you will understand:
✔ Purchase entry with CGST, SGST, IGST
✔ Input GST as an asset (ITC concept)
✔ Purchase return entry with GST adjustment
✔ ITC reversal on purchase return
✔ Intra-state vs inter-state purchase entries
✔ Impact on Profit & Loss and Balance Sheet

This video is useful for CA students, B.Com students, GST beginners, and anyone learning accounting with GST.

📌 Key Concept:
Purchase → Expense + ITC Asset
Purchase Return → Expense Reduction + ITC Reversal

📌 Series: 50 Days Accounting Challenge
📌 Day 32

Watch till the end to understand complete GST accounting flow with logic.
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Видео 📍Big Mistake in GST ITC on Purchase Return #shorts канала CA Devesh Thakur