Gst payment relaited
This query is : Resolved
25 January 2020
kindly give me suggestion
"A" proprietor of 2 company "B" & C" firm both firms is different purpose. B firm Business is Scrap Trading & C firm Business is Labour Suppliers both firm Accounting is sepreatly, but problem is that C firm Used extra input credit of B firm at the time of Gst payment.
Example : B firm Input Credit = 45000/-
OutPut Credit = 35000/-
--------------------------------------
gst = (-) 10000/-
-------------------------------------
C firm Input Credit = 60000/-
OutPut Credit = 85000/-
--------------------------------------
paybale gst = 25000/-
------------------------------------
Then A proprietor done payment in C firm as per
C firm GST 25000/-
less B Firm GST 10000/-
----------------------------------------------
paid gst 15000/-
------------------------------------------------
so please suggestion how to take entry in tally
"A" proprietor of 2 company "B" & C" firm both firms is different purpose. B firm Business is Scrap Trading & C firm Business is Labour Suppliers both firm Accounting is sepreatly, but problem is that C firm Used extra input credit of B firm at the time of Gst payment.
Example : B firm Input Credit = 45000/-
OutPut Credit = 35000/-
--------------------------------------
gst = (-) 10000/-
-------------------------------------
C firm Input Credit = 60000/-
OutPut Credit = 85000/-
--------------------------------------
paybale gst = 25000/-
------------------------------------
Then A proprietor done payment in C firm as per
C firm GST 25000/-
less B Firm GST 10000/-
----------------------------------------------
paid gst 15000/-
------------------------------------------------
so please suggestion how to take entry in tally
25 January 2020
Keep combined GST account in tally.
13 February 2020
thank you sir, kindly give me example
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