Menu
admissible expense
is gst admissible expenses as per income tax act
Replies (3)
if it is not then why 43b says about tax
Any tax paid is admissible expense (related to business) only. 43B says that such tax payments can be claimed only on cash basis and not on accrual basis.
since you take input credit for GST, normally GST will not be passed through p&l....
Recent Topic
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
Related Topics
CAclubindia
