Poonawalla fincorps
Poonawalla fincorps

Debit of gst on p & loss a/c

This query is : Resolved 
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(Querist)
14 April 2018 Hello All
I am a trader of medicines. I do not have a GST No. My question is:- Can I take the amount of GST paid by me on the purchases in the Trading & P & L Account of my business?:
Pl advise.
Regards
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
14 April 2018 if you are not claiming input credit, then yes you should take it to P&L.

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