GST in Real Estate & Construction
yes it is shown in interest late fee , penalty etc
I think there is no need to report it as interest and late fee paid are allowable expenses. These are not treated as a penalty.
Agree with Ankita.
Late filing fees is not exactly "Penal" in nature...u can refer ICAI's Guidance note on Tax Audit for better clarity
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
N N V Satish&co
Hyderabad
CA
Ashok Amol & Associates
New Delhi
B.Com
TAXLET
Calicut
CA Inter
Abhishek G Agrawal & Co.
Korba
CA Final
Gupta Sachdeva & Co. Chartered Accountants
India's largest network for finance professionals
Alternatively, you can log in using: