Gst payments related

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Hi,

I would like to know if it is mandatory to make GST payments from the company account? Can we make the GST payment from a personal account and later on transfer that amount to the personal account from which this payment was made?

Replies (16)

yes they concern with tax 

weather from company a/c or third party a/c

if from third party a/c then pass jv in yours books 

what is jv?

journal voucher

how to do that? pls explain as i am an amateur in this field.

this is accounting treament 

show  out standing of gst tax in your books

then debit the same with credit with third party who pays tax

then pay third party with bank or cash 

 

ok thank you.

can I have your contact no. as I have a few more queries?

ask here u will get answer of ur all quesions of 

tax and accounts 

if it's paid from personal account just transfer the amount from company to personal account

can you help me with an example of JV regarding the same as we are a very small organization and not using any accounting software for this?

u cant pass jv 

unless your accounting concepts r clear

atleast u know what u r doing 

Samir ji I am neither a CA student nor into accounting line. Would have appreciated a better response on this. Thanks.

queation is not being accountant 

it is ur business so if u know its better 

m not blaming any body 

Samir ji I just asked for a sample JV as an example regarding the same to make it more clear for me as I don't have the knowledge about it and you are a pro in this field.

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