GST related query in the books

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Student
844 Points Posted on 12 October 2020
What is journal entry for credit note without gst(commercial credit note ?
How to account in the books? Please help
For eg:- during the financial year there is sale of Rs.300000+10% GST but the goods is returned by the purchaser supplier issued commercial credit note? How it effect in the books?
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On 12 October 2020 at 04:19 Report
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Quick Summary
This discussion addresses how to record journal entries for commercial credit notes, particularly when GST is involved. It clarifies the accounting treatment for sales returns and provides guidance on the specific journal entries required, including the impact of GST on CGST and SGST accounts.

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3924 Points Posted on 12 October 2020
Sales Return A/C Dr. 300000/-
To Debtor A/C. Cr. 300000/-
( Good return by purchaser)
As you stated in query , above entry is without effect of GST
If GST applicable then CGST A/c , SGSTA/c will be debited .
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On 12 October 2020 at 08:16
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Student
844 Points Posted on 12 October 2020
What is the entry with gst for commercial credit note, what to do gst amount in this case?
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On 12 October 2020 at 18:19

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