Gst on disallowance of income u/s 40(A)(3)
This query is : Resolved
uma sharma
(Querist)
13 October 2021
In fy 2020 -21, a proprietory concern has to pay gst .but the entity has no registered net banking in its name. His son made payment . Gst payable was 16500. In this case guide how to account this. And entity has not settled it through prescribed mode. If this amount is paid in cash then it will be disallowed. If this is settled in cash then is is gst is payable on this 16500 or not . Any other alternative to account for this
CA R SEETHARAMAN
(Expert)
14 October 2021
Only expenses disallowed not payment of taxes.
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