Query on revised sch.vi

Others 707 views 1 replies

How to show Receipts/ turnover in P& L? including taxes or excluding it?

Replies (1)

Dear friend

AS override the revised schedule VI and AS-9 states that revenue recognition must be net of the tax and hence the revenue recognition must be done net of tax.

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register