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ITR-5

01 August 2018

I want to enquire whether in the P&L part of the form do I need to fill the CGST IGST & SGST details collected as well as paid in case of an LLP

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5 Replies

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 01 August 2018

Originally posted by : Madhukar Agarwal
	I want to enquire whether in the P&L part of the form do I need to fill the CGST IGST & SGST details collected as well as paid in case of an LLP

You just need to ho Net of collected and paid either under current asset or current liability

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 01 August 2018

Yes... Agreed to Ms. Ruchika Somani's view...

Taxes are under Liability / Asset heads. It's not under PandL account even it's can't be expenditure...

Madhukar Agarwal (Student) (54 Points)
Replied 01 August 2018

I accept your views but I request you to please once see the form ITR-5 for A.Y 2018-19 you will see there is separate column for CGST/SGST/IGST under both expenditure and Income column.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 01 August 2018

Originally posted by : Madhukar Agarwal
	I accept your views but I request you to please once see the form ITR-5 for A.Y 2018-19 you will see there is separate column for CGST/SGST/IGST under both expenditure and Income column.

Yes... Composition Dealer Can Use this column...