In Aicountly Smart Books, where does GST I cannot claim as input credit get booked, and can I change it?

Aicountly Smart Books has a company setting called GST you cannot claim on the Settings page. It decides where input tax goes when credit is blocked — for every purchase of a composition dealer, and for the blocked-credit cases under section 17(5) of the CGST Act. You have two choices:

• Capitalise into purchase cost — the tax is debited to the line's own purchase or stock ledger and carried into the item's stock value. This is the default.
• Charge to an expense ledger — the tax is debited to one ledger you name, as a cost of the period. Purchases and stock stay at the taxable amount and the tax shows as its own line in the Profit & Loss. Pick an indirect expense ledger for it and click Save.

The change applies to vouchers posted from now on; nothing already entered moves. For earlier vouchers, the treatment remains as originally recorded. Confirm which treatment suits your books with your CA.