Dear Sir/Madam,
If someone ask about Sales Turnover then which amount should I consider?
Sales + GST
OR
Pure Sales (without GST)
Thanks & regards,
Priyanka Mhatre
7 Replies
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 19 March 2022
GST is a Liability and it can't be included in sales ..
Ganga Bhavani Palaparthi
(Article Student)
(131 Points)
Replied 20 March 2022
Pure Sales, Only sales comes under Turnover. GST is a liability need to be paid to Govt. so GST not form part of Turnover
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 20 March 2022
You are collecting GST and making payment to govt .It will add customer ledger in Sundry Receivables and Only pure without gst sales form part of turnover.
Abhijit Khan
(39 Points)
Replied 20 March 2022
Taxable value sales is your Turnover GST is a liability
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 20 March 2022
GST will not add to sales or turnover..
GST will be added GST ledger in liabilities and
It may be added to customer ledger in Sundry Receivables
GST will be added GST ledger in liabilities and
It may be added to customer ledger in Sundry Receivables
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