we have paid PT for employer. though our company doesnt had employees last fy yr 2015-16. They charges an amount of Rs.2500/- for the employer. How it will post?? suggest entry.
Vinny
(CA [Self-Employed])
(101 Points)
Replied 01 April 2016
Profession Tax on Employment Dr 2500
To Bank A/c 2500
In Company's Books, the same is recorded as an Expense.
Regards.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)