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 amt. at the time of filling i.t. return whether same should be added back to net profit
Replies (4)
If it's not paid at the time of filling ITR with audit report then Yes, it will be added.
Thank you sir. Post that i have paid the same. can same be removed from taxable income?
Due to this my income got increased and department stopped my it refund, if same is paid post audit, now i can claim my it refund for that year...?
Due to this my income got increased and department stopped my it refund, if same is paid post audit, now i can claim my it refund for that year...?
If it's paid after filing then You can claim the same into PandL account...
Thank you sir, so is tax of that year will be emoposed on 4L instead of 13L? and can i claim refund accordingly..?
Request you guidance here..🙏
Request you guidance here..🙏
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