GST Input tax Credit

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Yes, a registered GST person can choose not to claim eligible Input Tax Credit (ITC). Instead, they can opt to show the full amount, including the GST, as an expense in their Profit & Loss account. This means the GST amount that could have been claimed as credit is treated as a cost of purchase.

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(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
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
26 February 2020 YES, ABSOLTELY YOU CAN DO THAT
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Gokul Sharma

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Gokul Sharma (Expert)
26 February 2020 YES ..........SHOW THESE AS INELIGIBLE INPUTS
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