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Vat paid for previous years

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(Querist)
27 September 2013 VAT liability arose after VAT Audit of my client for FY 2011-12. The expense is shown under P&L of FY 2012-13. Is this expense allowable under the Income TAx Act, 1961.
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Arun Biyani

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Arun Biyani (Expert)
30 September 2013 VAT liability is not expenses.. its balance sheet item.. how did you show it in P&L.. it should be shown in Balance sheet..further VAT is not payable by you.. you have to collect it from respective customer and then pay it..
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