Input tax credit on non gst items
This query is : Resolved
03 August 2018
ITC on LFR of petrol and disel caanot be claimed .. if it is claimed upto march 2018 . How can be reserved and have to interset on ItC claimed but it was remained as it is. it was not used?? what will be the impact on audit as upto 31st march 2018 as ITc claimed on LFR?
Can LFR can be charged as expenses in PL a/c ? if yes then amount should be Including GST Or witout GST?
please resolve my query as soon as possible??
Can LFR can be charged as expenses in PL a/c ? if yes then amount should be Including GST Or witout GST?
please resolve my query as soon as possible??
04 August 2018
Lorry freight including GST has to be charged as expenses in p and I. No interest as ITC not utilised reverse ITC.
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