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Bank charges and testing charges and personal purchases as per AIS data

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(Querist)
16 July 2022 sir,
A Gst registered jewellery business dealer bank charges and testing service charges(hall mark charges) and personal purchases rs:35510/- show in AIS INFORMATION in f.y.21-22
Question:
Assesee above mentioned rs:35510/- amount business expenses or goods purchases added or debited to capital account treated income tax purposes.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
16 July 2022 Yes, it the expenses are personal nature, it can be debited to capital account. If ITC is availed, it has to be reverted back.

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