GST SALES NIL DURING F.Y.2020-2021

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NIKHIL NARANBHAI VAGHASIYA (Querist)
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08 June 2021 ACCESSE HAVE A ISSUE GST NUMBER TILL NOVEMBER 2020 BUT NOVEMBER TO MARCH GST TURN OVER IS ZER. IN SEOT BALANCE SHEET WE HAVE MENTION JOB WORK INCOME APR TO OCT MONTH WITHOUT GST

Deepa B

Deepa B (Expert)
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10 July 2021 Need little more clarity on the question. It has been stated that the turnover is zero. Then how is that there is mentioning of job work income. Isn't the income earned from job work services liable to GST in your case.
If job work income is present it would be reported in Profit and loss account. Then the final balance of Profit and loss account will be disclosed in the Balance Sheet.

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GST SALES NIL DURING F.Y.2020-2021

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