GOODS AND SERVICES TAX ACCOUNTING
This query is : Resolved
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12 May 2022
For export business (Zero rated supply), the input GST we have paid is not an expense (no need to add with purchases or expenses in P/l) and it is to be shown in receivables under current asset until the ITC received. whether this statement is correct?
13 May 2022
Yes, this statement is right.
13 May 2022
Thank you very much sir🙏
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