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21 September 2023 a govt grant of INR 30 lack received in FY 22.23 to a producer company for purchase fixed assest now fix assest pirchased with gst 18% now the fixed assest value in the balance sheet is 2542372.88 now we are apply as for grant sattlement which dep set off with deff grant now the problem is if we charged dep on 25 lakh assest than in the future the tax diff will not be set off will you please help to resolve this??

21 September 2023 The tax difference will not be set off in future. It will be considered as permanent difference.

21 September 2023 That means it will we on balance sheet after wind off company

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