INPUT OF GST PAID AS RCM ON GTA



Company has paid gst as RCM on gta for 2017-18 but not taken its input and booked as indirect expenses.. Can the company claim gst input credit as unclaimed credit after removing it as indirect expense and booking it as assets?
 
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ACCOUNTS PROFESSIONAL

Yes , book it under current asset & can avail ITC in your current 3b
 
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"Do the Right Thing...!!!"

Yes... Book the unavailed ITC under c/a as Revenue Authority and C/f to next FY...
 
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Can u guys please provide notification or section allowing the same?
 
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