while finalising of accounts i shown the RCM tax as expenses and debited to p&l a/c. Now the govt. has given permission for claiming of itc after sep,18. so what is the accouting treatment for this if i take itc now???
i finalised the accounts after sep,18. so i cannot take itc for the said amount so i shown it as expense. but after filing of IT return the govt extended the date till march,19 for claiming of itc. now i can take itc on such amount but how to adjust the same in account books
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