GST-Late fee
Sourav manik Banerjee (41 Points)
23 September 2018
GST-Late fee(late filling of 3B fee)is indirect exps. or to be deducted from Capital A/c
2 Replies
CA Darshan Soni
(D.P.BARBHAYA & ASSOCIATES)
(150 Points)
Replied 23 September 2018
deduct from capital A/c as it is penalty so not allowble expense
subhagan sreerangam
(7056 Points)
Replied 23 September 2018
GST Late Fee is a type of penalty.It is not a expenses.So it drawings from Capital Account.
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