Sale Rs.1.2 crore, GST 21.60lakhs
Purchases 80 Lakhs, GST 14.40 Lakhs
GST Paid Rs.7.20 Lakhs (21.60-14.40)
My query is that 7.20 Lakh can i show in profit and loss A/C or Show in Current liability
(That GST Paid in 12 months from April to march)
April to Feb-- 6.80 Lakhs
March --- 0.40 Lakhs
client is regular dealer and tax audit applicable
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
