GST Accounting impact on P&L

Kishore Nuthalapati (Accountant for multiple small entities)   (171 Points)

05 December 2022  
Hi Sir/ Madam

Will GST net liability payment I.e after deducting itc
Have any impact on p&l statement
igst is created under duties and taxes which is under current liability in our tally
I understand as this is current liability won't impact p&l
please advise
Thanks in advance