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Gst paid account

This query is : Resolved 
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(Querist)
26 September 2020 A gst registered dealer gst tax paid some amount.this tax amount debit to p&l account or taxes and duties under head (balance sheet)transferred is correct.
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CA Kushwanth AVSR

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CA Kushwanth AVSR (Expert)
26 September 2020 It is based on the eligibility of ITC. If you are eligible for ITC then show it under duties and taxes. If you are not eligible for ITC then transfer it to profit and loss account.
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