10 July 2020
Sir my accounting entry in duties and taxes in given below DEBIT Credit CGST input 8,77,143.15 CGST output-16,54,086.87 SGST input 8,77,143.15 SGST output-16,54,086.87 IGST input 6,69,494.74 IGST output- 45,37,865.22 GST paid 54,21,592.00 GST paid include March month entry- GST paid ac Dr To GST payable all entry accounted and payable figure is OK in GST and our accounts but some difference shown in balance sheet side duties and taxes is 656.24 how to rectify this amount is it transfered to profit and loss account this method is correct please rely Thanking You Pradeepkumar
10 July 2020
please check GSTR-3B as per above there is still showing payable approximate 666 , please check input and output calculation there is difference what paid or payable .
CAclubindia
