Menu
Amount received from client to pay their gst
The client is transferring the GST amount to my bank account for GST payment. My question is, how should I report this type of transaction for income tax purposes to avoid receiving an income tax notice?
Replies (3)
Quick Summary
No issues...
Account as per Client ledger and pay to GST the same.
Account as per Client ledger and pay to GST the same.
Amount received from client to pay their gdt
This is not income as per Income Tax Act. Book into your books as reimbursements as pure agent
Recent Topics :
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
Related Topics :
CAclubindia
