I have paid excess itc availed in f. Y. 2017-2018 in gstr 9 by drc 03. I want to know under which head can I pass accounting Entry for payment of Gst Tax by DRC 03.
Replies (4)
Quick Summary
The query concerns accounting treatment of GST paid through DRC-03 for excess ITC availed in FY 2017-18. Responses suggest recording the payment under an indirect tax or tax expense account, generally classified under indirect expenses and treated as an allowable business expenditure.
CAclubindia
