Does accounting for service sector
Atharv Sankliya (1359 Points)
03 February 2022
does accounting for service providing firm is different from trading/manufacturing firm
5 Replies
sabyasachi mukherjee
(27864 Points)
Replied 03 February 2022
Obviously nature of operation is different.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 03 February 2022
Basic accounting principles will be same & only few additional ledgers can be seen
Nidhi
(Chief Accountant)
(3150 Points)
Replied 04 February 2022
Accounting principles are same..
I think it's easy than manufacturing accounting.
I think it's easy than manufacturing accounting.
sabyasachi mukherjee
(27864 Points)
Replied 04 February 2022
No
MANUFACTURING-IMPLOCATION OF GST TAKING INPUT CREDIT
FOR EXCISE WHOLE SET OF BOOKS LIKE RG23A PART 1 PARRT TAKING CREDIT IS TIME TAKING.
PLA ACCOUNT.
SAME IS THE CASE OF GST IN MANUFACTURING SECTOR.
GSTR2A , GSTR 3B
LETS NOW COME TO SERVICE SECTOR
GST IS CUMBERSOME
MANUFACTURING-IMPLOCATION OF GST TAKING INPUT CREDIT
FOR EXCISE WHOLE SET OF BOOKS LIKE RG23A PART 1 PARRT TAKING CREDIT IS TIME TAKING.
PLA ACCOUNT.
SAME IS THE CASE OF GST IN MANUFACTURING SECTOR.
GSTR2A , GSTR 3B
LETS NOW COME TO SERVICE SECTOR
GST IS CUMBERSOME
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 05 February 2022
Basic accounting is same & you can manage it
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