Internal Auditor
204 Points
Joined November 2008
If I have unsdertood your question correctly, that you have included GST portion of bank charges and booked as expense in P&L a/c.
I have 2 questions ?
1. Is your Statutory Audit / Tax is not completed ?
2. Bank chrages ITC is materiial amount ?
if the answer to the question is Yes, the restate the expense in Books excluding GST from bank charges and account the GST portion GSTN portal and Books as GST ITC under current Asset...
I hope I've answered your query !