Turnover Taxability
This query is : Resolved
Quick Summary
MAKARAND DAMLE
(Querist)
03 January 2022
In the Turnover of Pvt Ltd Company there are sundry creditors written off of earlier years
Will there be any GST payable on this or it will be exempt supply ?
Will there be any GST payable on this or it will be exempt supply ?
CA Altamush Zafar
(Expert)
03 January 2022
It is not a supply. Therefore it will be classified under No supply
Soumitra Basu
(Expert)
04 January 2022
May be you have written back the amount under the head "Liability no longer required". It will not attract GST
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