Input GST and Output GST are what kind of accounts?
They falls under Personal or Real or Nominal Account?
And They are asset, liability or income or expense?
Please explain.
INPUT GST is an Asset and OUTPUT GST Liability .
BISWAJIT PRADHAN (243 Points)
17 April 2021
prasad Nilugal
( GST Practitioner & Accounts )
(14690 Points)
Replied 17 April 2021
INPUT GST is an Asset and OUTPUT GST Liability .
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 17 April 2021
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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