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Gst payment allowed business expenses

This query is : Resolved 

A gst registered dealer rs:50,000/- net balance tax for may-21 month amount business expenses (profit and loss account debited) allowed in it act.

The net balance tax has to be adjusted against GST collected on sales only.

It is a liability. If collected from customer then liability will get adjusted from such collection. If not collected from customer then the gross gst liability will be charged to p&l

you are not depositing GST from your pocket ...........you paid the collected amount from your customer.

liability should be net off.

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