Menu
Good evening sir
Sir yeh gst ka jo rule hai ki 1% gst ka tax pay karna hai hoga cash me toh sir iske journal entries kaise pass hogi tally me aur please sir explain with example.
Replies (3)
Quick Summary
Are you composition dealer ?.
Regular dealer
For example you have input 200 but liablity is 100 then you have 1% of 100 rs so 1 rs paid in cash. journal entry is
gst payble A/c Dr 100
to input A/c 99
to cash A/c 1
gst payble A/c Dr 100
to input A/c 99
to cash A/c 1
Recent Topics :
- TDS on under construction property not deducted
- GST on Fixed Assets
- GST ITC april 22
- GST PAYMENT REGARDING
- GST Consultation Required – June–Augus
- TDS Code for Salary Payment to Non-Resident Intern
- TDS on property
- Company data for software
- Car purchase to be eligible for ITC
- GST Refund on payment to builder
Related Topics :
CAclubindia
