Cess In Credit Ledger
ashu gupta (accountant) (56 Points)
21 August 2021Can anyone suggest the journal entry of cess in credit ledger??
How to show it in the books of account?
Regards
Ashu Gupta
ashu gupta (accountant) (56 Points)
21 August 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 22 August 2021
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 22 August 2021
CESS ITC will be debited and vendor will be credited.
The entry in accounts will be same as that of CGST ITC, SGST ITC or IGST ITC.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)