banner_ad

GST Late Fee

175 views 4 replies
User Avatar

Proprietor
538 Points Posted on 22 June 2020
Whether GST Late Fee is allowable expenditure under Income Tax Act
Reply Share Follow
On 22 June 2020 at 18:51 Report
Replies (4)
User Avatar

CFO- at NHTF
58280 Points Posted on 22 June 2020
No .It's not allowed .

Late filing of return or late payment of GST will be considered as violation of law.So the late will be in the nature of penalty for not filing or paying on time.

Disallowed u/s 40(a)(ii) of Income Tax Act, 1961
59 Reply
On 22 June 2020 at 19:39
User Avatar

Indirect Tax- Consultant
50 Points Posted on 22 June 2020

No it's disallowed

Reply
On 22 June 2020 at 19:41
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 22 June 2020
Yes... The late fee is allowed as expenditure under income tax.
463 Reply
On 22 June 2020 at 20:02
User Avatar

10 Points Posted on 22 June 2020
Yes, it is allowed to claim business expenditure. As penalty and Fees are different under Income tax Act. it is not due to breach of law. hence, allowed.
Reply
On 22 June 2020 at 21:34


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details