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GST paid is allowable under income tax

Others 852 views 3 replies

Naveen Kumar

629 Points Posted on 25 August 2019

Sir, actually some ITC is not claimed in 3B.petering to Jan 18.We have shown under expense.Can income tax allowed to us show under expenses please advice.

Replies (3)

Anirban Sinha

CA in service

727 Points Posted on 25 August 2019

Yes it is allowed.......

Naveen Kumar

629 Points Posted on 25 August 2019

Thank you Sir,

Shivam RC

Student

23693 Points Posted on 25 August 2019

Yes it is allowed as deduction under the Income Tax Act 1961 on "PAYMENT BASIS" [ SECTION 43AB of the IT Act 1961 ].

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