26 February 2020
can a registered GST Person unavail the eligible ITC and show it as an expense in Profit & Loss account Eg : Taxable Purchase value Rs 10,000 GST ITC 1,800 , Can we show Rs 11,800 as purchase in P&L Account. i,e even i am registered person can i unavail the credit and show it in PL
CAclubindia
