Sir please give me a advise for journal entry for this transaction for receiver side
incentives on sales 38010
9percent cgst 3420.90
9pecent sgst 3420.90
44853
tds 5% 1901
total 42951
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journal entry
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urgent
In the books of receiver,
Party A/c. Dr. 42950.80
TDS Receivable Dr. 1901
To Incentive income Cr. 38010
Output CGST Cr. 3420.90
Output SGST Cr. 3420.90
who is paid sgst and cgst paid
It will be paid by receiver (seller) under forward charge.
what documents give to distributer after passing journal entries
Seller has to give invoice only.
thanks for your help
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