My honourable CA club india
MPR Sanjay Kumar (3106 Points)
29 June 2022it is possible to gst itc claim in income tax??
MPR Sanjay Kumar (3106 Points)
29 June 2022
CA. ANKIT PANDYA
(CA)
(682 Points)
Replied 29 June 2022
As far as I can understand your question please note my answer below;
Ineligible ITC can be claimed as Tax Expense or accounted under respective "Expense head" in P&L. It will not be disallowed in income tax.
MPR Sanjay Kumar
(3106 Points)
Replied 29 June 2022
sabyasachi mukherjee
(27330 Points)
Replied 30 June 2022
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