Interest income cn entry

Dear sir,

       We have received Credit Note Of Interest Income 

Basic Interest Rs.995

CGST RS.89.55

SGST RS.89.55 TOTAL RS.1174

TDS DEDUCTED ON BASIC AMOUNT RS.995 - 10% RS.100 TDS.

PAYMENT RECEIVED BY PARTY RS.1174 - TDS RS.100 = TOTAL RS.1074 CHEQUE

HOW TO PASS ENTRY IN TALLY ERP 9 AS PER GST RULES SO WE ARE CLOSED PARTY A/C AND THIS ENTRY SHOWN  LIKE GSTR2

PARTY NAME     TAXABLE    CGST     SGST

XYZ                      995            89.25       89.25    =TOTAL RS.1174

 

 

Replies (1)
xyz a/c Dr. 1074 p&l a/c Dr. 100
to basic interest 995
to cgst 89.5
to sgst 89.5

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