Question ID : 33804

Sec.145A and GST

As per earlier sec.145A, grossing up of purchases, sales and inventory was done to include excise, VAT, service tax paid thereon to establish that inclusive method is on par with exclusive method profit. After introduction of GST and new. sec.145A, is it necessary to gross up purchase, sale and inventory by GST?

posted by balasubramanian on Sep 12 2018 12:00AM