Can we pay GST penalty from cash ledger amount?
Nitin sharma (jobs) (121 Points)
31 May 2024
Can we pay GST penalty from cash ledger amount?
5 Replies
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 31 May 2024
Yes, If it's in penalty ledger.
Otherwise it will be change and pay.
Otherwise it will be change and pay.
Jaspal Singh
(Practising CA)
(449 Points)
Replied 31 May 2024
If you have balance is cash ledger, transfer the balance in respective penalty account first by filing pmt-9 then make the adjustment
CA Anoop Kumar Sharma
(Accounts Manager)
(2070 Points)
Replied 31 May 2024
Firstly transfer in penalty account than pay it
CA Sachin M Jain
(CA | GST | Refunds | Advisory | Litigation)
(1363 Points)
Replied 01 June 2024
Yes, Penalty and Interest will always be paid from Cash ledger only, cannot use ITC ledger .
For more details -
CA Sachin M Jain .8O975. l5447
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