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admissible expense
is gst admissible expenses as per income tax act
Replies (3)
if it is not then why 43b says about tax
Any tax paid is admissible expense (related to business) only. 43B says that such tax payments can be claimed only on cash basis and not on accrual basis.
since you take input credit for GST, normally GST will not be passed through p&l....
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