My honourable CA club india

29 June 2022

can I claim my GST ITC amount missed in income tax expenses????

it is possible to gst itc claim in income tax??

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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.

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MPR Sanjay Kumar (3106 Points)
Replied 29 June 2022

Oh we can show but not claiming in income tax return

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sabyasachi mukherjee (27330 Points)
Replied 30 June 2022

How can you claim it as an allowable expenditure under income tax act?

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