Miss not entry purchase bill

1)  In GST the ITC  will be not be allowed as per section 16(4) of the CGST act 2017 . 

In other words , the ITC  pertaining to  F.Y 2019-20  is allowable till the due date of  the return  for the month of September , 20th OCT 2020 . 

2)  In Books of  Accounts  purchase Expense will be booked as  prior period Expense  as per  AS8 , shall  be shown  separately in P&L accounts as " prior period Expense for F.Y 2019-20 . 

3) In Income Tax Booked as " prior period expense " in P&L is non allowable  expenditure .