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Gst year ended provisional entry

08 December 2020

sir

if my telephone expense rs 1000 and cgst rs 60 and sgst rs 60 .... and the bill comes in 5th april 2020..... what will be the provisional journal entry in 31st march 2020?????
sir plz reply

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5 Replies

JATINDER KUMAR (Accountant) (3662 Points)
Replied 08 December 2020

Telephone Exp .....Dr.
To Telephone Expenses Payable

Rajkiran Ghosh (479 Points)
Replied 08 December 2020

And in april the entry will be
telephone exp payable dr
gst dr
to bsnl a/c
am i right?

JATINDER KUMAR (Accountant) (3662 Points)
Replied 08 December 2020

Yes....

Rajkiran Ghosh (479 Points)
Replied 08 December 2020

You mean expense will be shown in march 2020 and gst input taken in april 2020????? as invoice raise on april..... before raising invoice we can not taken input gst..... right sir?????