Menu
Difference in tax collected and tax paid
Mine is construction company where the government pays GST at 5% and I pay tax @ 12% how shall I book it in my books of accounts? .can i book the difference amount as expenditure?
Replies (2)
Yes; no alternative.
should I dissallow the expenditure for income tax purpose?
Recent Threads
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
- About CMP-08
Related Threads
CAclubindia
