GST CREDIT
This query is : Resolved
19 May 2020
Assess is engaged in Electronics( trading )business ,He purchases shares & paid gst on STT .
My query is that
1. can Assessee claim STT as Expenses & charged to P&L
A/C &
2.Can he take ITC (GST PAID ON STT ). Pls help
My query is that
1. can Assessee claim STT as Expenses & charged to P&L
A/C &
2.Can he take ITC (GST PAID ON STT ). Pls help
19 May 2020
1 STT can't be charged as expenses to P&L.
2 ITC can't be taken on GST paid on STT.
2 ITC can't be taken on GST paid on STT.
20 May 2020
YES THESE TRANSECTION ARE NOT IN FURTHERANCE OF BUSINESS........
NOT ALLOWED TO CHARGE IN P&L AND ITC ALSO NOT AVAILABLE.
NOT ALLOWED TO CHARGE IN P&L AND ITC ALSO NOT AVAILABLE.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
Trending Online Classes
CAclubindia
