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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)
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...
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