GST Input tax Credit
This query is : Resolved
Quick Summary
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
26 February 2020
YES, ABSOLTELY YOU CAN DO THAT
26 February 2020
YES ..........SHOW THESE AS INELIGIBLE INPUTS
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