Sales tax
This query is : Resolved
vishal khanvilkar
(Querist)
12 December 2011
can sales tax charged against p & l can same will be treated as input tax credit under sales tax act?
13 December 2011
The difference between the input sales tax and output sales tax will be taken to P&L account.
If you are not taking input sales tax then it will be taken directly to P&L account.
Thanks,
CA M Sreenivasa Rao.
If you are not taking input sales tax then it will be taken directly to P&L account.
Thanks,
CA M Sreenivasa Rao.
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