What Should Entry pass for GST Paid under Composition scheme?
4 Replies
CA Naveen Chand
(Chartered Accountant)
(12739 Points)
Replied 07 January 2019
OUTPUT IGST A/C DR
OUTPUT CGST A/C DR
OUTPUT SGST A/C DR
TO BANK A/C
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 07 January 2019
The Tax head prepare under "INDIRECT EXPENSES"
Provide Entry as
CGST Paid A/c Dr
SGST Paid A/c Dr
To Bank A/c...
IGST not applicable for Composition Dealer.
Provide Entry as
CGST Paid A/c Dr
SGST Paid A/c Dr
To Bank A/c...
IGST not applicable for Composition Dealer.
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