Input gst..

Input GST with  Revenue  Authority  A/c   Dr 

To  Input  GST                                     A/c   Cr 

(  being  Input  tax  Credit  with  revenue  Authority ) 

Note -  Input  GST  with   revenue  Authority  account  will be under current  asset . 

please confirm with others also 

Yes... I agreed to Mr Prasad Nilugal's reply...

@ Mr SUMIT BADYAL.,

Prepare ledgers as CGST Adjustments, SGST Adjustments & IGST Adjustments...

After that transfer the input tax (and output tax) to the adjustments ledger. You can get exact balances (or payables).

Journal Entries :

For ITC -
Dr. CGST Adjustments - XXXX
Cr. CGST Tax - XXXX


For Output Tax -
Dr. CGST Output - XXXX
Cr. CGST adjustments - XXXX

If next month output gst excess then input, what is the entry of using gst with revenue authority...

If next month Your output is exceeding input then pass entry as per my reply. You can get exact payable liability...

or

as per Mr Prasad Nilugal's reply

To, Output Tax - XXXX
By - Revenue Authority as above - XXXX
after that You can get payable liability...


( better to follow my reply. it's easily get your details)

Last month input cgst and sgst is 6276 and no output gst and this month output cgst and sgst is 5284 and input cgst and sgst is 50, can u please make entry

Originally posted by : SUMIT BADYAL
	Last month input cgst and sgst is 6276 and no output gst and this month output cgst and sgst is 5284 and input cgst and sgst is 50, can u please make entry

Last month means jan...? If Yes... then following entries will be better to You... Before that Prepare Ledger as "CGST ADJUSTMENTS" & "SGST ADJUSTMENTS" under Duties & Taxes head or Current Liabilities. & I take Your values are 6276 x 2 & 50 x 2... Now,

On 31/01/2020

i) Dr. CGST Adjustments - Rs. 6276

   Cr. Input CGST - Rs. 6276

ii) Dr. SGST Adjustments - Rs. 6276

    Cr. Input SGST - Rs. 6276

or

i) Dr. CGST Adjustments - Rs. 6276

   Dr. SGST Adjustments - Rs. 6276

   Cr. Input CGST - Rs. 6276

   Cr. Input SGST - Rs. 6276

After the Entries You have Dr balance Rs. 6276 (in CGST & SGST) in Adjustment ledgers....

Note : You can pass the above entries to Tax Rates @ 2.5%, 6%, 9% & 14%

Originally posted by : SUMIT BADYAL
	Last month input cgst and sgst is 6276 and no output gst and this month output cgst and sgst is 5284 and input cgst and sgst is 50, can u please make entry

On 29/02/2020

i) Dr. CGST Adjustments - Rs. 50

   Dr. SGST Adjustments - Rs. 50

   Cr. Input CGST - Rs. 50

   Cr. Input SGST - Rs. 50

 

ii) Dr. Output CGST - Rs. 5284

   Dr. Output SGST - Rs. 5284

  Cr. CGST Adjustments - Rs. 5284

   Cr. SGST Adjustments - Rs. 5284

 

After Entries You have Dr Balance in C/SGST Adjustment ledgers Rs. 1042/- (Each ledger)

@ prasad said gst with revenue authority previous month in which no output

Originally posted by : SUMIT BADYAL
	@ prasad said gst with revenue authority previous month in which no output

The Revenue Authority means "TAXES in Our hands as Current Asset"

i, ITC balance (like VAT, ST, CENVAT now GST"

ii, TDS receivable (Which is shown in Form 26AS)

 

So,

Mr Prasad says it will be under Current Assets and ledger name as "REVENUE AUTHORITY". May be its use on 31/03/2020 for filing ITR...