Dear All
In books we create Over head Expenses based on cost to be incurred in future . In year end , if it is high to actual expenses incurred then will GST Liability arises . Because in Accounts for true and fair picture of Financials provision and reversal are routine practice.
Regards
Abic and Mani Chartered Accountants
Kottayam
B.Com
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M N Rao & Associates LLP
Vijayawada
CA Inter
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S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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CCI
Pro
CAclubindia
