1. 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

2. Car Showroom- A/c. opened

3. Car Asset – A/c. Opened

4. Ineligible A/c opened

5. Ineligible – 2nd a/c opened

7. New Popup has been given

8. Voucher Print is ready

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

10. But why ? Reason – Form 3B need this information

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

13. 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

14. 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