Input Tax credit

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... A dealer has some unutilized GST input tax in electronic credit ledger. From a particular date, the goods dealt by him becomes non taxable and hence writes off the balance of input tax in electronic l .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... edger. Can this write off be disallowed u/s 43B , since relevant input taxes were incurred in earlier years or can be disallowed as Prior Period expenses . - Reply By DR.MARIAPPAN GOVINDARAJA .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... N - The Reply = In my view it should be reversed. - Reply By KASTURI SETHI - The Reply = I concur with the views of Dr.Govindarajan, Sir. Read the following relevant Section 18 of CGST Act, 2017 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... and Rule 44 of CGST Rules, 2017 - Input Tax credit - Query Started By: - Ethirajan Parthasarathy Dated:- 11-2-2019 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Kno .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... wledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X