TMI BlogGST expensed out and Eligibility of ITCX X X X Extracts X X X X X X X X Extracts X X X X ..... ITC not claimed in the F.Y. 19 20 and the entire amount was expensed out. Subsequently, in September 20, out of this, what was eligible, ITC was claimed on it and the entry passed in F.Y.19 20 for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... expensing out was reversed. Is it in line with the GST Provisions and therefore ITC allowed? In my view, ITC is allowed since entry is reversed subsequently. Views of the experts please. - Reply By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SOWMYA CA - The Reply = I agree with your view on availing ITC. ITC on inputs is to be availed by September 30th immediately following the financial year and can be claimed. One has to ensure conditi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ons listed in section 16 are fulfilled as applicable. - Reply By CAHemanth Kumar - The Reply = Dear Sir, Agreed with the views. Credit can be claimed in Sep month returns fo subseqent year. Ens ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ure that the same was filed within the due date otherwise the department may disallow the credit - GST expensed out and Eligibility of ITC - Query Started By: - Kaustubh Karandikar Dated:- 31-12-202 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... managementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
