for GST separate account is maintained & it does not go through profit&loss acc
in the month of march some liab exist and it is not paid
whether gst payable amount should be added while doing computation of income
i.e.disallowance under sec43B
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43B disallowances
Replies (2)
In income tax, inclusive method of accounting is followed i.e., for ex: we will include GST in the sale and purchase transactions.
So as per 43B, GST liability of march should be cleared before the due date of ROI.
So as per 43B, GST liability of march should be cleared before the due date of ROI.
GST payable amount as on 31st March 2019 should be paid on or before the due date of filing return.
If not paid then it will be disallowed for deduction in FY 2018-2019.
It will be allowed for Deduction in the FY in which it is paid off.
If not paid then it will be disallowed for deduction in FY 2018-2019.
It will be allowed for Deduction in the FY in which it is paid off.
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