GST Practitioner & Accounts
15083 Points
Posted on 22 September 2020
RCM not applicable , More than 5000/- RCM has been scraped .
Pass J.E in the companies books as follows if GST charged .
Fans A/c Dr
CGST A/c Dr
SGST A/c Dr
To Trade Creditors A/c Cr
( Booking entry for purchase of Fan )
Fans under Non current assets - balance sheet