LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

GSTR 3 B JOURNAL ENTRY

anand sharma (157 Points)

24 August 2018

PLEASE
journal entries in tally how to make from gstr3b

Reply
Follow
Share

6 Replies

Surjeet Negi (947 Points)
Replied 24 August 2018

1.taxable supply
customer or party a/c Dr.
sales a/c cr.
cgst/sgst/igst payable cr.

2.payment of GST

CGST/SGST/IGST payable Dr.
Bank a/c cr.

3. book Input tax credit (ITC)
purchase a/c Dr.
cgst/what/igst a/C Receivable Dr.
to vendor a/c

4.payment of GST by utilisation of ITC

CGST/SGST/IGST a/c payable Dr.
To CGST/SGST/igst a/c receivable a/c Cr.

please make utilisation in following manner:
IGST payment with IGST ITC >CGST ITC>SGST ITC
CGST payment with CGST ITC>IGST ITC
SGST payment with SGST ITC>IGST ITC

Prasad reddy. Gangvaram (Student) (11 Points)
Replied 25 August 2018

in case of any expenses..bosd

Surjeet Negi (947 Points)
Replied 25 August 2018

expense; just debit the expense head instead of purchase head in entry no. 3. but be sure the expense is not blocked in term of availing ITC imder section 17

anand sharma (157 Points)
Replied 25 August 2018

Sir
how do RCM journal entry

Surjeet Negi (947 Points)
Replied 25 August 2018

Adjustment Entry

Reverse Charge A/C………Dr.(under Current Asset)
To Output CGST A/c
To Output SGST A/c

GST Payment
Output CGST A/c…………Dr.
Output SGST A/c…………Dr.
To Bank A/c

Entry for Transfer of Reverse Charge A/c to Input Tax Credit.

Input CGST A/c…………Dr.
Input SGST A/c…………Dr.

To Reverse Charge A/C………Dr.