ITC not claimed in the F.Y. 19 – 20 and the entire amount was expensed out in the books of accounts. Subsequently, in September’20, out of this, what was eligible, ITC was claimed on it and the entry passed in F.Y.19 – 20 for expensing out was reversed. Is it in line with the GST Provisions and therefore ITC allowed?
Yes ITC allowed........
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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O P Bagla & Co LLP
New Delhi
CA Inter
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Aggarwal Sarawagi and Co
New Delhi
CA
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R P S K & Associates
Nashik
CA Inter
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Shaswat initial support private limited
Ahmedabad
CS
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