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Accounting Entry for DRC 03
I have paid excess itc availed in f. Y. 2017-2018 in gstr 9 by drc 03. I want to know under which head can I pass accounting Entry for payment of Gst Tax by DRC 03.
Replies (4)
Quick Summary
You can pass an entry for GST paid in "Tax expense" a/c under indirect expense group. Also, GST paid by DRC 03 is an allowable business expenditure.
Yes agree with @ Sumit Jain
You should pass entry under Indirect Tax paid head in indirect exp
yes you can also claim as business exp, it's allowed under Income Tax
You should pass entry under Indirect Tax paid head in indirect exp
yes you can also claim as business exp, it's allowed under Income Tax
hello sir
SIR GST DRC ENTY IN TALLY KINDLY CONFIRM
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