Can we debit to p& l a/c
1- penalty paid on account of late payment of GST due.
2- Interest for late payment of Gst due.
3. Late filing of GST Return.
4. Interest on late payment TDs in TD.
5. penal charges for not filing of TDs return.
please, answer.
Menu
Penalty
Replies (3)
yes u can debit it to pl because its business related expences
You can account to PandL account for the point 2,3,4.
And You can account point 5 in PandL account but, It's disallowed at the time of Filing ITR...
I can't understand point no 1...
What is penalty paid...?
And You can account point 5 in PandL account but, It's disallowed at the time of Filing ITR...
I can't understand point no 1...
What is penalty paid...?
I wrongly put that question
Recent Threads
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
Related Threads
CAclubindia
