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Gst treatment on advance payment
we pay advance in gst, what entry should be made for this
Replies (2)
GST PAYABLE A/C DR
TO BANK A/C
(YOUR GST PAYABLE A/C/ WILL SHOW A DR BALANCE INSTEAD OF CR)
| Originally posted by : Monica Ghlawat | ||
 |
we pay advance in gst, what entry should be made for this |  |
Payment of advance is not applicable GST Tax except to URD. So, You enter normally as of accounts...
Dr. Creditor A/c - XXXX
Cr. Bank / Cash....
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