Business goods for personal use
This query is : Resolved
04 August 2019
I am a cement dealer's business and gst tax payers but some cement use my personal house building construction, use cement show my gst return gstr 3b u/s 17(5) but how to i prepare trading account and balance sheet that my problem use cement...show my account statement and Income Tax Return .......plz sir help me
05 August 2019
Reduce personal consumption cement cost from purchase account by passing the entry. No ITC to be taken on it.
Capital account drawings Dr
To purchase account cement Cr.
Capital account drawings Dr
To purchase account cement Cr.
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