11 April 2024
If i have purchased goods of rs 100 + gst 18 = 118 , my supplier allow me to sell at cost and reimburse me the the profit of 10 rs in each sale . The reimbursement of rs 10 is shown as direct income or indirect (treating it as incentive) income tax and also suggest me gst implications from my side on this 10 rs. If i treat it as direct income my income tax liability is lower . If i treat it as indirect my income tax liability would be highr
CAclubindia
