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if i have a shopping page on instagram ,sales not more than 50-60k on annual basis, what will be the sales,material purchase and other expenses accounting treatment .
Replies (1)
Accounting is usual as if you own a shop.
note that the GST on the sales will be paid by ecomm portal and it will adjust the same in your payment.
50000 business annually !! you be relaxed as tax department will not issue notice to small traders..
regards
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