Gst accounting in march-2019
This query is : Resolved
15 April 2019
Dear Sir,
In Private Limited company the Audit Fees Provision can pass entry with GST or without GST. The payment of audit fees to be paid in Oct-2019 after completion of audit & return filed. The auditor issuing bill of audit in month of Oct-2019.
The Audit Fees is 50000/-without GST charged and with GST amount is 59000/-.
Second query is the company purchased a car for value of Rs.8,83,594/-in month of March-2019.
The Party issue a bill taxable value 609375/- and CGST,SGST---170625 = 780000/-
GST-CESS-17%--ON TAXABLE VALUE--609375/- CESS IS 103593.75.
Any TCS on Motor Car Purchase.
Please advise me how to make the entries in books of accounts & GSTR-3B & GSTR-1 Return.
Thanks & Regards
N Kadam
In Private Limited company the Audit Fees Provision can pass entry with GST or without GST. The payment of audit fees to be paid in Oct-2019 after completion of audit & return filed. The auditor issuing bill of audit in month of Oct-2019.
The Audit Fees is 50000/-without GST charged and with GST amount is 59000/-.
Second query is the company purchased a car for value of Rs.8,83,594/-in month of March-2019.
The Party issue a bill taxable value 609375/- and CGST,SGST---170625 = 780000/-
GST-CESS-17%--ON TAXABLE VALUE--609375/- CESS IS 103593.75.
Any TCS on Motor Car Purchase.
Please advise me how to make the entries in books of accounts & GSTR-3B & GSTR-1 Return.
Thanks & Regards
N Kadam
Shashikant Varshney
(Expert)
16 April 2019
At the time of creating provision. You are not able to take the credit as well as need not to enter the GST (i.e. on Audit Fees).
in second query, you are not able to take the credit of GST on car. So you need to show the GST amount in cost of Car.
in second query, you are not able to take the credit of GST on car. So you need to show the GST amount in cost of Car.
Message likes :
1 times
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
