Gst in value added statement financial reporting

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Excise duty is usually one of the adjustments in questions of Value Added Statement. Since GST has replaced Excise duty, will now exam questions come with adjustment on GST? If yes, what is the treatment of GST while preparing Value Added Statement?

 

Warm Regards

Catherine

Replies (1)
Same as excise... If it is recoverable in nature then treat as expense... And irrecoverable then application towards government


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