There was a delayed registration under GST and this year we have paid GST for earlier years. a) Can it be shown as an expense in Profit and Loss A/c for a Private Limited Company and b) Will it be allowed as a deduction from Income Tax?
Lila (Job) (524 Points)
12 September 2024There was a delayed registration under GST and this year we have paid GST for earlier years. a) Can it be shown as an expense in Profit and Loss A/c for a Private Limited Company and b) Will it be allowed as a deduction from Income Tax?
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8603 Points)
Replied 12 September 2024
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