Easy Office
LCI Learning

Vat not paid

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 September 2012 vat not paid before filing income tax return what is the treatment of it in b/s p&l and in income tax return

24 September 2012 Vat liability would be already existing in the books. These would be shown appropriately under the current liabilities - Governmet dues.

Provision for interest payable on VAT dues needs to be made in books of accounts. This will affct P&L (Expenses +) and Balance Sheet (Liabilities +)



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries