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Gagan Kaushik   16 September 2021

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.

 3 Replies

prasad  Nilugal

prasad Nilugal (Sr . Accountant and GST Practitioner . )     17 September 2021

Are you composition dealer ?.
Gagan Kaushik

Gagan Kaushik   17 September 2021

Regular dealer
Deepak Kumar

Deepak Kumar   17 September 2021

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

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