admissible expense
vinay kumar (178 Points)
10 February 2018
is gst admissible expenses as per income tax act
3 Replies
Balaji Ramalingam
(Student - CA Final)
(285 Points)
Replied 10 February 2018
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.
RAMAKRISHNAN R
(INCOME TAX OFFICER)
(1736 Points)
Replied 11 February 2018
since you take input credit for GST, normally GST will not be passed through p&l....
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