What Should Entry pass for GST Paid under Composition scheme?
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Gst entry
Replies (4)
OUTPUT IGST A/C DR
OUTPUT CGST A/C DR
OUTPUT SGST A/C DR
TO BANK A/C
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.
Agree with Mr Raja P M Sir
You should also see this blog post, my friend, who knows maybe it will be useful for you.
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