Party's accounts settled under Vatav&Kasar at the end of the Financial Year. But Credit/Debit Note for the same has not been issued. The same appears in the credit side of Profit & Loss A/c
Would I need to pay GST on this amount as I have instructed by the Oficer to.do so at the time of on-site GST Audit?
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Accounts Settlement in Vatav/Kasar
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Yes if it's fulfills the condition prescribed in Section 15 of CGST Act
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