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 .
CAclubindia
