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Gstr-3b late fees

This query is : Resolved 

27 July 2019 Dear sir,

We have Paid Late feed due to late filed the GSTR3B Return. So please suggest is this expense or same late fees value transfer to proprietors (Captial A/c)

27 July 2019 DEAR FRD, GST LATE FEES IS NOT EXPENCES

27 July 2019 Yes... the late fees can be accountable in PandL account..

27 July 2019 This means late fees is allowed as expences in income tax act how plz explain


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