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rahul (ARTICLE CLERK)     02 October 2019

43B disallowances

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


 2 Replies

Charan Kumar

Charan Kumar   02 October 2019

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.
Kapadia Pravin

Kapadia Pravin   02 October 2019

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.
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