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Supply and Revenue

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(Querist)
26 April 2020 Is it necessary that a supply under GST will also be part of Revenue of the supplier?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 April 2020 Yes it will be part of revenue.
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
26 April 2020 In most of the cases yes. But there can be differences in certain cases due to different treatments as per accounting standards and section 15 of CGST
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CA Chandra Kishore Bajpai

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CA Chandra Kishore Bajpai (Expert)
30 April 2020 In general it is yes, but in cases like sale of Old Machine, it may come under the scope of supply but not as a revenue item in P& L account
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