Menu
How to pay panelty under gst for e way bill.
Can i take Itc of it. ???
Replies (6)
Pay in Cash ledger & file DRC 03 to setoff the same (voluntary)
You will have to pay the amount in cash ledger. Such amount cannot be taken as credit.
Sir
I have pay 102000 in Igst column and 102000 in panelty column.So can I not take ITC of IGST amount means 102000 amount
I have pay 102000 in Igst column and 102000 in panelty column.So can I not take ITC of IGST amount means 102000 amount
Even though u have paid the amount and it is in your cash ledger, it is actually towards penalty and hence you cannot take benefit of such amount.
And moreover it is not a Input tax credit
And moreover it is not a Input tax credit
No ... you cannot
HOW TO SETOFF AMOUNT WITH DRC 03 AND IT IS MANDOTORY ?
Related Topics
CAclubindia
