How to pay panelty under gst for e way bill.
Rajiv (Senior Accounts Officer) (1548 Points)
05 July 2019
6 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 05 July 2019
Pay in Cash ledger & file DRC 03 to setoff the same (voluntary)
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 05 July 2019
You will have to pay the amount in cash ledger. Such amount cannot be taken as credit.
Rajiv
(Senior Accounts Officer)
(1548 Points)
Replied 06 July 2019
Sir
I have pay 102000 in Igst column and 102000 in panelty column.So can I not take ITC of IGST amount means 102000 amount
I have pay 102000 in Igst column and 102000 in panelty column.So can I not take ITC of IGST amount means 102000 amount
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 06 July 2019
Even though u have paid the amount and it is in your cash ledger, it is actually towards penalty and hence you cannot take benefit of such amount.
And moreover it is not a Input tax credit
And moreover it is not a Input tax credit
Rajiv
(Senior Accounts Officer)
(1548 Points)
Replied 27 July 2019
HOW TO SETOFF AMOUNT WITH DRC 03 AND IT IS MANDOTORY ?
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