There was a delayed registration under GST and this year we have paid GST for earlier years. a) Can it be shown as an expense in Profit and Loss A/c for a Private Limited Company and b) Will it be allowed as a deduction from Income Tax?
Lila (Job) (518 Points)
12 September 2024There was a delayed registration under GST and this year we have paid GST for earlier years. a) Can it be shown as an expense in Profit and Loss A/c for a Private Limited Company and b) Will it be allowed as a deduction from Income Tax?
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(7107 Points)
Replied 12 September 2024