Bank charges.

188 views
User Avatar

8 Points Posted on 17 October 2021
how to make bank charges entry as bank deduct only GST amount but issued a invoice with taxable value +plus gst.?
0 Reply Share Follow
On 17 October 2021 at 14:50 Report
Replies (2)
Quick Summary
This discussion clarifies how to correctly record bank charges when the bank deducts only the GST amount. It explains the accounting entry required, showing how to debit bank charges, debit GST, and credit the bank account. This ensures accurate financial records when dealing with bank-issued invoices that include both taxable value and GST.

User Avatar

Team Lead
7558 Points Posted on 17 October 2021
Bank charges Dr
GST Rec Dr
To Bank..
Reply
On 17 October 2021 at 15:16
User Avatar

Chartered Accountant
24588 Points Posted on 17 October 2021
Bank charges a/c dr
Gst a/c dr
to Bank a/c
Reply
On 17 October 2021 at 16:35

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Guidence requested for a Finance Professional with
  2. Expert Opinion Required – Form 140 Gross Amo
  3. WRONG TAX DEMAND - formal responses , rectificatio
  4. Foreign remittance
  5. Affordable Residential Flats in Gurgaon
  6. Manufacturing
  7. TAN REGISTRATION ON E-FILLING SITE
  8. Form 10-IEA – Continuing Old Regime
  9. Income tax act 2026
  10. Belated Return where Form 10IEA filed this year to

More recent discussions | Post

Related Topics :

Loading