Impact on Income Tax for GST Reversal

Pulak Kumar Datta (6 Points)

16 September 2022  

We take input for some purchase (non-capital goods) against a party whose gst cancelled in fy 2020-2021.

We reverse the ITC in fy 2021-22 and paid with interest.

Now my question is this reversal gst expenses and interest disallowed in income tax ?

Please give suggestion.