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JHALAK KARMAKARJHALAK KARMAKAR asked 8 months ago

SIR AS PER SEC 43B ,DEDUCTION WILL BE ALLOWABLE UNDER PAYMENT BASIS. SUPPOSE GST NOT PAID WITHIN DUE DATE OF RETURN AND GST ENTRY ACCOUNTED THROUGH BALANCE SHEET NOT PROFIT & LOSS, SO WHETHER GST NOT PAID WILL BE DISALLOWED OR NOT 

1 Answers
RaviRavi Staff answered 8 months ago

you get deduction of gst, when it is expense for you, that means you cannot take credit for it.
now if its paid you will get deduction, if not you will not.
whenever you pay you will get it as deduction.
method of accounting wont impact deduction.

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