In the FY 2020-21 I claim GST on capital goods as a ITC in GST Returns but now I want to claim as expenses and debited to p&l a/c. what should I do?
I am ready to reversal of ITC but what is time period to Reversal of ITC, can I reverse ITC any time or not?
Menu
Reversal of ITC and consider as a Expenses
Replies (4)
I think you can reverse ITC, but you need to pay interest in that ITC.
But sir I not claim ITC on capital goods against my liability because no GST payble in the whole Financial year
Dear,
Fee Download GST reconciliation excel utility to simplify your GST reconciliation tasks and optimize your GST filing process today.
Link - xltool.in/gst-reconciliation/ | www.xltool.in
Dear,
Fee Download GST reconciliation excel utility to simplify your GST reconciliation tasks and optimize your GST filing process today.
Link - xltool.in/gst-reconciliation/ | www.xltool.in
Recent Topic
- EPF Withdrawal taxation
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
Related Topics
CAclubindia
