Purchase voucher with variations PV but no ITC Example Purchase of a Honda City Car You pay GST to the Car Dealer Shop But you don’t get the ITC Credit

Car Showroom- A/c. opened

Car Asset – A/c. Opened

Ineligible A/c opened

Ineligible – 2nd a/c opened

New Popup has been given

Voucher Print is ready

Ineligible GST “Expense” – See this in “Trial Balance”

But why ? Reason – Form 3B need this information

Note for Food Voucher Food ITC is not eligible So, same concept if there is a PO driven entry

Note for Building Construction Voucher ITC on these is not eligible. Steel Cement Aluminium Fittings Wall papers Sanitary Fittings If being used in Construction by you So, same concept if there is a PO driven entry

Capitalise GST taxes on Construction ? As per Income tax = yes As per Companies Act = yes As per GST = we need this information, so as of now, this will go the Trial balance Later separate JV, once a month, of what we have to capitalise