GST Income or Expenses or Liablities ?
Please Define Income, Expenses, Liablities Sepreatly.
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Gst income or expenses ?
Replies (2)
Income=earning
Expenses=spending
Liability= obligation to pay in future
GST can be either liability or asset/expenses.
GST on outward supply is liability.
GST on inward supply is asset or expenses.
GST is Income or Expenses or Liablities ?
Also I add one more as Asset and Delete One ask Income. ..
Basically IDT can't treat as Expenditure of Income except some of the activities.
*In GST it will be treat as Liability and Assets by regular...
*And it will be treat as Expenditure (Under Purchase head) by Composition dealer...
Also I add one more as Asset and Delete One ask Income. ..
Basically IDT can't treat as Expenditure of Income except some of the activities.
*In GST it will be treat as Liability and Assets by regular...
*And it will be treat as Expenditure (Under Purchase head) by Composition dealer...
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