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COMPOSITION TAX ENTRY ?
what is the journal entry of tax paid under composition scheme ?
Replies (1)
CGST 1% A/c Dr.
SGST 1% A/c Dr
To Cash / Bank A/c or GST Payable A/c
Rate applicability depends upon your eligibility
Trader 1%
Manufacturer 3%
Restaurants,Etc. 6%
SGST 1% A/c Dr
To Cash / Bank A/c or GST Payable A/c
Rate applicability depends upon your eligibility
Trader 1%
Manufacturer 3%
Restaurants,Etc. 6%
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