Hello,
We have paid certain amount of GST tax on the basis of intimation received recently by us from GST TAX Authorities relating to the period FY 17-18 & FY 18-19.
My question here is, whether the amount paid as a GST tax expense relating to FY 17-18 & FY 18-19 be " ALLOWED " as a deduction under the income tax while drafting computation of income for FY 21-22 or it will be treated as a "DISALLOWED EXPENSE" and will be added back to my P&L net profits ??
Kindly revert...
If that be not any penalty paid, then it will be allowed. You can claim in the year of payment.
CAclubindia
