Penalty payment in gst


25 June 2017 Sir,
If we pay penalty Agst late return or wrong accounting
Then in which head the penalty amount will be show in financial report. (Balance sheet)

Please suggest.
Thanks

25 June 2017 Penalty A/c ...............

26 June 2017 In which group they will fall

26 June 2017 Legal charges...............

27 June 2017 Direct ?indirect or less in capital?

27 June 2017 Indirect exp.....


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