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GST Input Write Off, Goods and Services Tax - GST

Issue Id: - 114612
Dated: 11-2-2019
By:- Ethirajan Parthasarathy
GST Input Write Off

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A dealer has some unutilized GST input tax in electronic credit ledger. From a particular date, the goods dealt by him becomes non taxable and hence writes off the balance of input tax in electronic ledger.

Can this write off be disallowed u/s 43B , since relevant input taxes were incurred in earlier years or can be disallowed as “ Prior Period expenses”.

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Showing Replies 1 to 3 of 3 Records

1 Dated: 11-2-2019

Instead of writing off the input tax amount, you can add the same to cost of inventory and it will not be a prior period item. However you need to do the impairment test i.e. valuation of inventory at cost or Net realisation value whichever is less.

2 Dated: 11-2-2019

Whether the ineligible input tax credit can be reversed?

3 Dated: 12-2-2019
By:- Ganeshan Kalyani

The input tax credit can be reversed from the GST portal also.


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