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Bank Charges
If I have shown full amount of Bank Charges in Profit and Loss account under tax audit but now I get know this time there was some part of tax included in Bank Charges so can I claim ITC of tax amount now
Replies (6)
no , you cant take input tax credit due to books finalized in tax audit.
As per Our previous discussion "Better to Leave it if it's wholly booked in PandL account with finalized".
If books are already finalised then it is better for you not to take itc. From April 18 start fresh and ask banker at the end of each month invoice so u also have clear picture
You can take ITC credit as per gst law no matter as ur account gets audited .
Tax audit can be reviesd????
Bcz I have shown own ITC as a expenses....
Bcz I have shown own ITC as a expenses....
Good clarification likes
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