Question ID :
40909
ICDS II
According to ICDS II value of purchase,sale & stock will be taken including GST.But for accounting purposes we are not including GST element.Query is that Where do we show calculation or treatment of ICDS,only in clause 13(f) of 3CD or somewhere else also.Please let me know.
Posted by
SUDIP KUMAR MUKHOPADHYAY
on
Nov 30, 2020
Filed Under
DIRECT TAXES
In terms of Sec 145A, if the purchases, sales and inventory is valued inclusive of taxes the net impact on PL is nil, hence mere disclosure of the same can be made. If differs show under 13(e)
Posted by
SURAJ KUMAR CHOUDHARY on
Dec 12, 2020