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VAT and GST Sales to be shown as Net Sales or Gross Sales in Income Tax Audit Report?
Replies (5)
I think on net sales
VAT or GST or the IDT related values are under the head of Current Asset or Current Liabilities. These figures are not calculated in the Turn Over values...
The Basic Value or Assesable value are taken in the Turn Over value of Income Tax...
*To be shows Net Sales...
The Basic Value or Assesable value are taken in the Turn Over value of Income Tax...
*To be shows Net Sales...
thanx sir
Nice reply👍👍👍
You are Welcome Dears...
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