GST Penalty for Non Billing
I have paid penalty for GST and it's Reflecting on Cash ledger.....how to set off this????
Replies (5)
Quick Summary
Provision of tax to credit side of cash ledger ac
Cash ledger balance can set off against your output tax liabilities
Not at all when we pay that time spent tax provision that all
Yes, I can set Actual GST against Output Tax liay but How the balance penalty can be set off...... @ Rizwan sir
Vaibhav Sir, penalty, late fee, interest comes under minor head of cash ledger ,
minor head balances can be set off against major heads payment i-e cgst, sgst, igst, cess...
hope it's clear now...
minor head balances can be set off against major heads payment i-e cgst, sgst, igst, cess...
hope it's clear now...
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
