Gst treatment on advance payment
Monica Ghlawat (5 Points)
25 September 2017
we pay advance in gst, what entry should be made for this
Monica Ghlawat (5 Points)
25 September 2017
anonymous
(student)
(750 Points)
Replied 25 September 2017
GST PAYABLE A/C DR
TO BANK A/C
(YOUR GST PAYABLE A/C/ WILL SHOW A DR BALANCE INSTEAD OF CR)
RAJA P M
("Do the Right Thing...!!!")
(127058 Points)
Replied 25 September 2017
| 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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