Is Input or receivable interchangeable words

This query is : Resolved

Share Report Follow Query Ask a Query

Daya

Daya (Querist)
Follow

31 October 2024 is input or receivable interchangeable words some person used GST Input or some used GST receivable.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

31 October 2024 GST input refers to the tax paid on purchases of goods and services that are used for business purposes.
Example: If a business purchases raw materials for ₹10,000 and pays ₹1,000 as GST, the ₹1,000 is the GST input.

GST Receivable refers to the GST collected from customers on sales of goods and services.
If a business sells goods worth ₹10,000 and charges ₹1,000 as GST, the ₹1,000 is the GST receivable.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

GIRISH K SATTI

R M Shekhaliya

prasanth kona

Yandamuri yesu raju

efiletax

Subscribe Now

Is Input or receivable interchangeable words

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

GST CONSULTANCY

GST CONSULTANT

CA Final

Article Assistant

Accountant