Claiming GST paid as expense and reversing the same from e credit ledger

Claiming GST paid as expense and reversing the same from e credit ledger https://www.taxtmi.com/forum/issue?id=117227 If input tax credit is reversed before any utilisation and there is no short payment of output tax, interest does not arise because output tax liability has not been reduced and no loss to the revenue has occurred; validly availed credit need not be reversed from the electronic credit ledger merely due to accounting as an expense. en-us Mon, 17 May 2021 03:22:40 +0530 Thu, 23 Jan 2025 15:54:32 +0530 TaxTMI RSS Generator Claiming GST paid as expense and reversing the same from e credit ledger https://www.taxtmi.com/forum/issue?id=117227 If input tax credit is reversed before any utilisation and there is no short payment of output tax, interest does not arise because output tax liability has not been reduced and no loss to the revenue has occurred; validly availed credit need not be reversed from the electronic credit ledger merely due to accounting as an expense. Discussion-Forum GST Mon, 17 May 2021 03:22:40 +0530 https://www.taxtmi.com/forum/issue?id=117227