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INOCOME TAX ON GST

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13 Points Posted on 26 November 2019
Doubt : How is GST treated in INCOME TAX
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On 26 November 2019 at 08:04 Report
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Profession Business
28207 Points Posted on 26 November 2019
One is indirect tax another is direct tax.
gst is indirect tax...
income tax is direct tax.
tax is not deducted on gst when it is charged on contractors bill.
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On 26 November 2019 at 09:16
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13 Points Posted on 26 November 2019
My doubt is,is it allowed as a deduction or added to purchase value in income tax?
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On 26 November 2019 at 12:22
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Profession Business
28207 Points Posted on 26 November 2019
I hope your query is not clear.
As appears from the above you want to know whether its allowed as a deduction or not.
It is set off against outward sales.
Input GST IS SET OFF AGAINST OUTPUT GST.
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On 26 November 2019 at 14:45
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13 Points Posted on 26 November 2019
Ok sir I got to known about it after ur reply...
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On 26 November 2019 at 14:48


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