Dear Sir/ma'am,
I have done my last a.y. 19-20 audit report and return in sep-19, however at that point of time my outstanding gst was 9 lakh. and same is reported in audit also. same is paid by 2 months. and at present there is no outstanding gst liabilty. Net profit was 4 lakhs in return.
whether the outstanding gst liabilty of 9 lakh be added back to net profit of that year...?
Thank you.
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Any o/s gst amount of the f.s. be added to income of that year..?
Replies (5)
Quick Summary
No........
Only Added back in computation of income
Only Added back in computation of income
Sir, o/s of gst amount of that f.s. year dept. has added back into the net profit for the year and has increased net profit from 4L to 13L and computed tax on 13L. (4L n.p+9L o/s gst amt.)
mean 4L. net profit and 9L o/s gst of that year. and computed tax on 13L.
what should i do here.
Req. you kind help plz.
mean 4L. net profit and 9L o/s gst of that year. and computed tax on 13L.
what should i do here.
Req. you kind help plz.
Claim the deduction in AY 2020-21.
Ok sir, so department has computed tax on 13L (4L n.p+9L o/s gst amt.) instead of 4L and raised tax demand in of tax instead of refund amt.
what can i do here, claim that refund..?or i have to pay tax on 13L..?
what can i do here, claim that refund..?or i have to pay tax on 13L..?
| Originally posted by : sameer | ||
 |
Ok sir, so department has computed tax on 13L (4L n.p+9L o/s gst amt.) instead of 4L and raised tax demand in of tax instead of refund amt.what can i do here, claim that refund..?or i have to pay tax on 13L..? |  |
Pay tax on 13L.
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