31 October 2020
If someone deducts tax at source or collects tax at source from GST, How shall I account for the same in the Books of Accounts? plz guide me.
31 October 2020
You can debit TDS/TCS receivable and credit customer. When you take credit in Cash ledger under GST,the you can credit TDS/TCS receivable and debit GST Cash Ledger deposit account.
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