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Understanding GST in Profit Calculations: Should It Be Included or Excluded?


Have to report CEO profit, loss, other expense reports so, in this case, GST while buying and selling should be counted in profit. Or profit without GST is actual profit?
From India, Mumbai
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Dear Sayali, Profit without GST is the actual profit. You do not retain GST. It has to be deposited in the next month. Thanks, Dinesh Divekar
From India, Bangalore
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Human Resource Management (HRM) Community Journal & KnowledgeBase (Entry: 630243)

India, Mumbai
09 September 2021 04.00.27 PM
Views: 424 Replies: 1 Appreciations: 0

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