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GST collection and GST PAID ON PURCHASES

This query is : Resolved 

24 September 2019 Whether the GST collection on Sale and paid on purchased to be shown in NEW ITR 5 in case of Trading Company in Trading Account or not

04 June 2020 Only Incomes and Expense needs to be shown in Trading & PL Account. Tax is a liability which can be receivable or payable to be shown in Financial Statements.



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