banner_ad

ITC AGAIN CLAIMED

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 December 2021 Dear Sir,
We has claimed itc in GSTR 3B in F/y 2019-20 but not in books. Now in current year we have passed the entry in books by Debiting ITC claimed ledger and crediting capital account and claimed ITC in books. We are covered under tax audit. My Query
1. Can we do this
2. Will it not be treated as income as the expenses was earlier debited in books including GST in it.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
03 December 2021 1 No.
2 Credit profit and loss account treat it as income.
Profile Image

CA Altamush Zafar

Profile Image

CA Altamush Zafar (Expert)
03 December 2021 Your query is not clear as to how the GST was expensed when it was claimed.
But for sure you cannot claim ITC twice on the same inward supply
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details