Tag: Excel GST reporting

Step-by-Step Guide to GST Input Tax Credit (ITC) Reversal in Excel with Examples and Auto Calculation Sheet

Oct 28, 2025

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by

Himanshu

in Excel Training, Finance and Accounting

In the GST regime, Input Tax Credit (ITC) plays a crucial role in reducing the cascading effect of taxes. Businesses can claim credit for the GST paid on purchases (inputs) and use it to offset their GST liability on sales (outputs). However, there are situations where a business needs to reverse the Input Tax Credit…
How to Calculate GST in Excel Automatically: Step-by-Step Guide with Formulas and Examples

Oct 28, 2025

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by

Himanshu

in Educational News, Excel Training, Finance and Accounting

Since the implementation of GST (Goods and Services Tax) in India on 1st July 2017, businesses have been required to calculate, collect, and report GST accurately for every transaction. While advanced accounting software handles this automatically, thousands of small businesses, accountants, and MIS professionals still rely on Microsoft Excel for daily billing, tax calculation, and…