accounting treatment
This query is : Resolved
12 August 2009
respected sir,
i want to know whether as per guidance note of ICAI, CST on sales should be shown including or exculding in profit & loss accounts.
As it is cleared that VAT should be shown excluding in profit & loss account but i am doubt about CST.
i want to know whether as per guidance note of ICAI, CST on sales should be shown including or exculding in profit & loss accounts.
As it is cleared that VAT should be shown excluding in profit & loss account but i am doubt about CST.
12 August 2009
I think it should be opn same line with VAT
13 August 2009
CST SHOULD NOT BE INCLUDED IN SALES.
BUT IF THE CONCERN IS ALSO LIABLE TO TAX AUDIT, THEN PLS READ SEC 145A OF INCOME TAX ACT. IT SAYS SALES SHOULD BE SHOWN INCLUSIVE OF ALL DUTIES, TAX.
BUT IF THE CONCERN IS ALSO LIABLE TO TAX AUDIT, THEN PLS READ SEC 145A OF INCOME TAX ACT. IT SAYS SALES SHOULD BE SHOWN INCLUSIVE OF ALL DUTIES, TAX.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
