GST Input tax Credit
This query is : Resolved
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Gokul s nair
(Querist)
26 February 2020
can a registered GST Person unavail the eligible ITC and show it as an expense in Profit & Loss account
Eg : Taxable Purchase value Rs 10,000 GST ITC 1,800 , Can we show Rs 11,800 as purchase in P&L Account. i,e even i am registered person can i unavail the credit and show it in PL
Eg : Taxable Purchase value Rs 10,000 GST ITC 1,800 , Can we show Rs 11,800 as purchase in P&L Account. i,e even i am registered person can i unavail the credit and show it in PL
CA AnKiT BoHrA (AB)
(Expert)
26 February 2020
YES, ABSOLTELY YOU CAN DO THAT
Gokul Sharma
(Expert)
26 February 2020
YES ..........SHOW THESE AS INELIGIBLE INPUTS
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