ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Journal entries tax issue

Gagan Kaushik (39 Points)

26 October 2021  
sir my question is

sir mujhe government ko itna tax pay karna hai

cgst + sgst = 490.04+490.04

aur itna tax lena hai government se

cgst + sgst = 6175.4 + 6175.4

sir mujhe iske journal entries pass krni hai tally me journal voucher hai sir mujhe
samjh nhi aa raha hai ki entries kaise pass karo??


please help me sir

 2 Replies

prasad Nilugal (Sr . Accountant and GST Practitioner . )   (7054 Points)
Replied 26 October 2021

Out put CGST A/c Dr 490.04
Out put SGST A/c Dr 490.04
To Input CGST A/c Cr 490.04
To Input SGST A/c Cr. 490.04
( Out put tax adjusted input tax credit no tax payable )

In electronic credit larger balance ITC will be
reflected after set-off .
1 Like

Sourav (Student) (23917 Points)
Replied 26 October 2021

Agree with above journal

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  





Subscribe to the latest topics :
Search Forum:

Trending Tags