our CA says - you can not write off. he ask about legal support
Is there any option of Refund of GST in TEXTILES manufacturing business.
Page no : 2
Divakar
(Student CA Final )
(11857 Points)
Replied 22 May 2018
When itc not available... Its become cost of purchase... Why u booked it as itc... Simply add it in ur purchase cost.... AS allowed that... Not refundable taxes is added in ur cost
Faheem Akram
(802 Points)
Replied 22 May 2018
I think when it's available for ITC so y we write off of the ITC
Divakar
(Student CA Final )
(11857 Points)
Replied 22 May 2018
Then why u want to write off in ur pl account... If input tax is not claimed as ITC then it becomes cost
Faheem Akram
(802 Points)
Replied 22 May 2018
why is not available for ITC.....it's shown on our portal of all ITC which purchased from supplier ...#Divakar can tell me process to add ITC on my cost
Divakar
(Student CA Final )
(11857 Points)
Replied 22 May 2018
Simply when u r not going to claim indirect tax as itc its ur cost... U hv option either claim it as itc or add it in ur cost.... No restrictions in that
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