Tax Management India. Com
                        Law and Practice: A Digital eBook ...

Latest Cases

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Manuals SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 
Discussions Forum
Home Forum Goods and Services Tax - GST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

GST Input Write Off, Goods and Services Tax - GST

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

  • Contents

Query

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”.

Post Reply

Posts / Replies

Showing Replies 1 to 3 of 3 Records

1 Dated: 11-2-2019
By:- SANJAY JAIN

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
By:- DR.MARIAPPAN GOVINDARAJAN

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.


1

Post Reply

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Blog || Site Map - Recent || Site Map || ||