Input tax credit availed but not utilized
This query is : Open
18 August 2025
hey there,
I have an export business and O send material under LUT . But at time of purchase I paid GST and availed it ,But there was no scope to utilize it.
Can I do That, (Reverse the GST and Booked Expenses in P/L (GST Write off )and reduce my tax proffit?
I have an export business and O send material under LUT . But at time of purchase I paid GST and availed it ,But there was no scope to utilize it.
Can I do That, (Reverse the GST and Booked Expenses in P/L (GST Write off )and reduce my tax proffit?
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