Regarding excise fee

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Sir with due respect I want to know that I am an wine contractor L-14 for the asstt year 2022-23 having gross turnover 2 CroreMy query is that in the month of Feb 2022 i.e. in the said asstt year 2022-23,I have renewed the said L-14 unit for the next year i e Asstt year 2023-24 and paid the advance fee amount for Rs 20 Lac in the month of Feb 2022 in respect to the said L-14 unit for the asstt year 2023-24 Sir I want to know that can I claim the expense in the books of account of Asstt year 2022-23. Please guide me Thanks
Replies (1)

No. It should be debited in the Financial year 2022-23....


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