GST input reversed is allowed as deduction in income tax

Ajnas (Student) (844 Points)

26 June 2020  
GST input is taken in finacial year 2017-18 Rs.50000 and same input reversed is reversed in next finacial year 2018-19 Rs.50000 With interest 3000 it is allowed as a deduction in income tax in the financial year 2018-19?