09 May 2020
Any gst registered dealer gst input tax claim and output tax claim and gst tax paid and late fees and Interest paid ledgers create under groups heads.
11 May 2020
duties and liabilities :interest and penalities. however, income tax act disallowed all expenses which are incurred due to default of assessee. input tax credit: same like input vat output tax credit: as same as output vat create GST PAYABLE/RECEIVABLE A/C for payment of GST under Current liabilities
CAclubindia
