There is a head office and a branch in the same state with the same GST number. There is no ITC in the branch. How to record the journal entries in tally erp9 to transfer and set off Tax Liability from the branch to the books of account in the head office
CGST @ 6% ₹ 28765 & SGST @ 6% ₹ 28765 each at the branch shop.It would be helpful to know what are the entries for setting off the above GST liabilities from the books of accounts of the branch to be transferred to the books of accounts of the head office.There is no input tax credit in the branch shop. The turnover and tax of both the shops are recorded together in the return
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