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Gst entry

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What Should Entry  pass for GST Paid under Composition scheme?

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.
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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