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GST Output tax
Assesse makes delayed registration. But he cannot collect GST on his output retrospectively from customers. Therefore he decides to pay output GST out of his pocket. Can he claim this output GST as expense in his P/L AC(there is no input tax availed by him)?
Replies (4)
yes as per the provisions of income tax, any indirect tax paid is eligible for deduction
can you please quote section number?
as per section 37 general deduction but subject to section 43B
as per section 37 general deduction but subject to section 43B
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