GST interest and Late fee allowed or Disallowed
Kishore Nuthalapati (Accountant for multiple small entities) (171 Points)
26 June 2023We are looking after Accounts of a proprietor firm
Every month we are filing GST returns after due date only
Hence For Financial year 2022-23 we have paid interest and late fee 97,000
Could some one please advise whether this can be allowed or disallowed under income tax act
Thanks in advance