Accounts entry for GST
This query is : Resolved
Kunal Mittal
(Querist)
25 December 2022
My CA while preparing the audit report of fy 20-21 put audit fees say 11800 & when I paid him that 11800 he put an invoice in GST for 10000+1800 gst in fy 21-22.
I’ve the following entry put in 20-21:
Audit fees 11800 dr
To audit fees payable 11800 cr
Now in 21-22 what entries should I pass to take credit of GST.
I’ve the following entry put in 20-21:
Audit fees 11800 dr
To audit fees payable 11800 cr
Now in 21-22 what entries should I pass to take credit of GST.
CA R SEETHARAMAN
(Expert)
26 December 2022
Credit audit fees 18000 and debit GST ITC claimable.
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