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GST paid is allowable under income tax

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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.
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On 25 August 2019 at 08:49 Report
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CA in service
727 Points Posted on 25 August 2019
Yes it is allowed.......
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On 25 August 2019 at 10:33
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629 Points Posted on 25 August 2019
Thank you Sir,
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On 25 August 2019 at 10:59
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Student
23688 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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On 25 August 2019 at 11:47


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