GST - Started By: - Ethirajan Parthasarathy - Dated:- 11-2-2019 Last Replied Date:- 12-2-2019 - Query 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 ledger. 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 SANJAY JAIN - The Reply = Instead of writing off the input tax amount, you can add the same to cost of inventory and it will not be a prior period item. However you need to do the impairment test i.e. valuation of inventory at cost or Net realisation value whichever is less. - Re

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