Shall we claim GST Ineligible Input tax credit portion as expenses (IT) in our books, Is it allowable.
If any notification regarding this , please share the details.
Thanks & Regards
Fareed
Shall we claim GST Ineligible Input tax credit portion as expenses (IT) in our books, Is it allowable.
If any notification regarding this , please share the details.
Thanks & Regards
Fareed
Yes, if you can recover it, it should be transferred to P&L acc. No need of any notification.
Typing Error, Read as ::
Yes, if you cannot recover it, it should be transferred to P&L acc. No need of any notification.
thanks for your guidance....
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
