Sir/Madam, I wanted to ask where to show GST in CMA report of Bank
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Quick Summary
This discussion addresses the correct placement of Goods and Services Tax (GST) within a CMA (Credit Monitoring Arrangement) report for banks. The user is asking whether GST should be included in gross sales, deducted to arrive at net sales, and where it should be shown in the report, specifically questioning if it belongs under current liabilities and whether it represents Input Tax Credit (ITC) or output tax.