Dear Members,
When we are making accounting entry for Purchase and sales ,which is the correct way to enter the GST details (
Purchase a/c dr
Input CGST dr
Input SGST dr
To Supplier a/c
OR
Purchase A/c Dr
Input SGST 2.5% dr
Input CGST 2.5 % dr
Input SGST 6 % dr
Input CGST 6 % dr
To Supplier
Which type of entry we have to do Consolidated entry ( 1st one) or the Taxwise entry ( 2nd )
Kindly help .
Thank you sir
Yes I agreed with Mr Makkhan Sharma.,
No options... Only 2 Entries is best way...
Also you ll enter as following way then only you can seggregate the details
Purchase @ 5% & Purchase A/c @ 12%
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