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GST SUPPLY and Accounting turnover

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93 Points Posted on 26 June 2020
Is it mandatory to consider all Gst supplies as accounting turnover in statement of profit or loss?
please advise.
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On 26 June 2020 at 09:45 Report
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1644 Points Posted on 26 June 2020
Yes.. In ITR, there is a column for GST outward supplies made during the year....
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On 26 June 2020 at 12:11
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93 Points Posted on 26 June 2020
No sir i m telling in accounting point of view. Can i treat deposit work as a liability and work executed as a asset in balance sheet without routed through it profit and loss. What will be its GST treatment. pls advise
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On 26 June 2020 at 13:01
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241 Points Posted on 28 June 2020
Yes because it should be reconciled in GSTR 9C
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On 28 June 2020 at 16:02


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