Accountanting entries
This query is : Resolved
17 October 2022
I want to know about sales d purchase accounting entries with gst .
If any gst on any service. How to do entries with gst.
If any gst on any service. How to do entries with gst.
18 October 2022
Whether you are composition dealer or regular dealer?
18 October 2022
For both composition and regular
18 October 2022
I want to know about basic accounting entries for any service sector also.
Payment received entry
Payment received entry
18 October 2022
Generally GST is collected from purchaser on behalf of government, and the same is paid back after claim of ITC.
So, for Regular dealer ... when it is paid to any vendor/creditor
Dr. Vendor/creditor
Dr. GST
Cr. Bank/cash
While any invoice is raised for supply...
Cr. Service rendered
Cr. GST
Dr. Debtor/ bank/cash...
So, for Regular dealer ... when it is paid to any vendor/creditor
Dr. Vendor/creditor
Dr. GST
Cr. Bank/cash
While any invoice is raised for supply...
Cr. Service rendered
Cr. GST
Dr. Debtor/ bank/cash...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- Form 27Q Correction statement taking too long to update on IT Portal
- Scrutiny assessments u/s 143(2) for AY 25-26
- TDS related Query_Liquidated Damages
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
