Late fees GSTR
Naveen Kumar (629 Points)
03 August 2019
Sir, income tax allowed to us for show Late fees under expenses.late fees due to late file GST return.
4 Replies
Shrikant Toshniwal
(TAX CONSULTANT)
(1109 Points)
Replied 03 August 2019
Gst late fees is not allowed as Expences In income Tax
Kapadia Pravin
(17259 Points)
Replied 03 August 2019
Explanation 1 of Section 37, Explanation 1.—For the removal of doubts, it is hereby declared that any expenditure incurred by an assessee for any purpose which is an offence or which is prohibited by law shall not be deemed to have been incurred for the purpose of business or profession and no deduction or allowance shall be made in respect of such expenditure.
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