Dear All
In books we create Over head Expenses based on cost to be incurred in future . In year end , if it is high to actual expenses incurred then will GST Liability arises . Because in Accounts for true and fair picture of Financials provision and reversal are routine practice.
Regards
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
