GST Laibility

Sanjay Mishra (3 Points)

04 May 2022  

Dear Sir

Whether the GST Liabilties balance figure on 31-03-2022 to be shown in balance sheet in Gross or in Net. Gross means actual balance in CGST Payable, SGST Payables and IGST Payables.

Net means - Liabilities figure after setting off with GST Credit.