Menu
Reversal of input service tax to profit and loss account as extraordinary item
input service tax not claimed more than 8 months, can i reverse it to profit and loss account as extraordinary item.
Replies (3)
you can only claim input service tax claim with in 1 year from the date of invoice.After this you can not take the credit of input service tax if taken then pay an amount equivalent to ccr taken.
what, if the input tax credit is not claimed for more than 1 year. how it can be shown in financial statements(profit and loss A\c) as per Accounting standard and Income tax act
if you have not claimed the input credit then there is no requirement to show it anywhere , it has been already adjusted as expense.
Recent Topics :
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
Related Topics :
CAclubindia
