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GST Accounting
what will be the journal entries for IGST Adjudtments with CGST and SGST and IGST,CGST,SGST Payable?
Replies (4)
You ll be create "Adjustment Account" for three heads and adjust directly inputs and outputs to direct heads then you ll be adjust to other heads...
Finally you can get your exact figures as ITC / Liabilities...
Finally you can get your exact figures as ITC / Liabilities...
Yes... I agreed to Mr RAJA P M Sir.,
create as
IGST ADJUSTMENT ACCOUNT
CGST ADJUSTMENT ACCOUNT
SGST ADJUSTMENT ACCOUNT.....
ADJUST YOUR IGST INPUT AND OUTPUT IN IGST ADJUSTMENT ACCOUNT.... ALSO FOLLOW THE SAME UN OTHER HEADS...
FINALLY YOU CAN GET YOUR TAXES AS ITC OR LIABILITY...
I FOLLOW THE SAME AND THE ADVISE FROM RAJA P M SIR.....
I THANKS TO MR RAJA P M SIR.....👍👍👍👍👍
create as
IGST ADJUSTMENT ACCOUNT
CGST ADJUSTMENT ACCOUNT
SGST ADJUSTMENT ACCOUNT.....
ADJUST YOUR IGST INPUT AND OUTPUT IN IGST ADJUSTMENT ACCOUNT.... ALSO FOLLOW THE SAME UN OTHER HEADS...
FINALLY YOU CAN GET YOUR TAXES AS ITC OR LIABILITY...
I FOLLOW THE SAME AND THE ADVISE FROM RAJA P M SIR.....
I THANKS TO MR RAJA P M SIR.....👍👍👍👍👍
ok it means input and output igst,cgst,sgst ledgers to be created along with respective adjustment ledgers.
Thanks Raja PM Sir.
Thanks Raja PM Sir.
what are the journal entries for reverse charge mechanism and also adjustment entries?
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