GST Laibility

Accounts 173 views 4 replies

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.

Thanks

Replies (4)

Please answer on urgent basis.

Liabilities without credit in balance sheet under
current liabilities head
It's depends upon your CA proposes.
Input tax credit is a receivable.


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