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INPUT AND OUTPUT ON RENT

P.Lingam (Accountant) (63 Points)

16 June 2021  

WE ARE RUNNING PETROL IOCL BUNK IOCL PAYS RENT TO US AND COLLECTS GST AND WE PAY RENT TO THE LAND LORD AND COLLECTS GST. CAN WE SET OFF INPUT AND OUTPUT AND PAY BALANCE.


 1 Replies

Sourav (Student) (23870 Points)
Replied 16 June 2021

Yes it can be set off

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