{"id":22930,"date":"2021-11-30T19:08:55","date_gmt":"2021-11-30T13:38:55","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=22930"},"modified":"2021-12-05T05:42:58","modified_gmt":"2021-12-05T00:12:58","slug":"section-145aii-of-i-tax-act-1961","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/section-145aii-of-i-tax-act-1961\/","title":{"rendered":"Section 145A(ii) of I.Tax Act 1961"},"content":{"rendered":"<p>Section 145A(ii) requires\u00a0 certain adjustments to be made in valuation of Purchase and Sale of Goods and Services and of Inventory for computing Taxable Business Income of a Assessee who is following Exclusive Method of Accounting.<\/p>\n<p>Query is:-Whether adjustment is\u00a0 also to be made for GST paid on Purchase of\u00a0 of Fixed Assets and Indirect Expenditure Incurred, when such GST has been debited to GST Account and not to Duties and Taxes Account(Expenditure Account).<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[454,451],"class_list":["post-22930","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-adjustment-of-gst-paid","qa_tag-method-of-accounting"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/22930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=22930"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22930"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=22930"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=22930"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=22930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}