Is it mandatory to consider all Gst supplies as accounting turnover in statement of profit or loss?
please advise.
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GST SUPPLY and Accounting turnover
Replies (3)
Yes.. In ITR, there is a column for GST outward supplies made during the year....
No sir i m telling in accounting point of view. Can i treat deposit work as a liability and work executed as a asset in balance sheet without routed through it profit and loss. What will be its GST treatment. pls advise
Yes because it should be reconciled in GSTR 9C
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