Rent
This query is : Resolved
11 October 2017
What is accounting entry for GST paid on rent?
11 October 2017
for end user the whole amount can be debited to Rent.
For those claiming ITC.
Debit Rent
Debit GST on inward supplies
Credit Cash/Bank
For those claiming ITC.
Debit Rent
Debit GST on inward supplies
Credit Cash/Bank
11 October 2017
For Claiming ITC with TDS Deduction :
Rent Exp. A/c. Debit
GST Receivable A/c. Debit
TDS Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Claiming ITC without TDS Deduction :
Rent Exp. A/c. Debit
GST Receivable A/c. Debit
Vendor A/c. / Bank A/c. Credit
For Non Claiming ITC with TDS Deduction :
Rent Exp. A/c. Debit
TDS Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Non Claiming ITC without TDS Deduction :
Rent Exp. A/c. Debit
Vendor A/c. / Bank A/c. Credit
For Claiming ITC (Under RCM) with TDS Deduction :
Rent Exp. A/c. Debit
GST Receivable A/c. Debit
TDS Payable A/c. Credit
GST Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Claiming ITC (Under RCM) without TDS Deduction :
Rent Exp. A/c. Debit
GST Receivable A/c. Debit
GST Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Non Claiming ITC (Under RCM) with TDS Deduction :
Rent Exp. A/c. Debit
TDS Payable A/c. Credit
GST Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Non Claiming ITC (Under RCM) without TDS Deduction :
Rent Exp. A/c. Debit
GST Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
Rent Exp. A/c. Debit
GST Receivable A/c. Debit
TDS Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Claiming ITC without TDS Deduction :
Rent Exp. A/c. Debit
GST Receivable A/c. Debit
Vendor A/c. / Bank A/c. Credit
For Non Claiming ITC with TDS Deduction :
Rent Exp. A/c. Debit
TDS Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Non Claiming ITC without TDS Deduction :
Rent Exp. A/c. Debit
Vendor A/c. / Bank A/c. Credit
For Claiming ITC (Under RCM) with TDS Deduction :
Rent Exp. A/c. Debit
GST Receivable A/c. Debit
TDS Payable A/c. Credit
GST Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Claiming ITC (Under RCM) without TDS Deduction :
Rent Exp. A/c. Debit
GST Receivable A/c. Debit
GST Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Non Claiming ITC (Under RCM) with TDS Deduction :
Rent Exp. A/c. Debit
TDS Payable A/c. Credit
GST Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Non Claiming ITC (Under RCM) without TDS Deduction :
Rent Exp. A/c. Debit
GST Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
11 October 2017
Here GST refer to as IGST / SGST / CGST accordingly
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- Last year TDS Claim
- Long Term Service award taxability in hands of company
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- STCG FOR GOLD ETFs
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
