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INPUT OF GST PAID AS RCM ON GTA

ITC / Input 239 views 3 replies

yogesh jain

student

32 Points Posted on 10 August 2018

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?

Replies (3)

Pankaj Rawat

GST Practitioner

55067 Points Posted on 10 August 2018

Yes , book it under current asset & can avail ITC in your current 3b

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 11 August 2018

Yes... Book the unavailed ITC under c/a as Revenue Authority and C/f to next FY...

yogesh jain

student

32 Points Posted on 11 August 2018

Can u guys please provide notification or section allowing the same?

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