Adjustment of Cess paid
This query is : Resolved
05 January 2023
In case the cess amount is not adjusted due to no compensation on outward supply, how the cess amount may be treated in accounts. Can it be debited to Profit and Loss account or ......?
27 January 2023
Yes it can be either added to Profit Loss Account with the Expense head or if it is related to Capital Asset you can Capitalise the same
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