GST related query

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Student
844 Points Posted on 12 February 2021
Some ineligible GST input is taken by the company, it is required to reverse such input , then this ineligible itc reversal is disallowed as violation of law or under section 43B?
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On 12 February 2021 at 10:34 Report
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This discussion clarifies the treatment of ineligible GST input tax credit (ITC) that has been incorrectly claimed. It confirms that reversing such ITC does not constitute a violation of law or fall under Section 43B, provided the reversal is correctly processed. The query also touches upon the necessary journal entries for this reversal.

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Chartered Accountant
414 Points Posted on 12 February 2021
No the reversal of ineligible ITC does not amounts to violation of law or under section 43B as far as it is reversed
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On 12 February 2021 at 11:21
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Student
844 Points Posted on 12 February 2021
What is the journal entries for ineligible itc?
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On 12 February 2021 at 13:23

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