GST collected on sales is an income of the seller or not ??



Dear Student,

GST collected on Sales (named as Output GST) is not an income for the seller, It is a liability for the seller. 
The GST paid on Purchases (named as Input GST) is deducted or set off against Output GST, and the amount remaining in the Output GST account needs to be deposited with the Government.

Regards

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