Journal entry
Abhishek Selvam O (374 Points)
08 May 2020
What is the Journal entry for gst refund accrued but not recived.
Abhishek Selvam O (374 Points)
08 May 2020
prasad Nilugal
( GST Practitioner & Accounts )
(14167 Points)
Replied 08 May 2020
first entry will be
1) GST Refund A/c Dr
Out Put GST A/c Dr
To Input GST A/c Cr
( Being GST refund receivable )
2) Entry for GST refund Accrued but not received
GST refund receivable A/c Dr
To GST Refund A/c Cr
( GST Refund Accrued but not received )
3) When we received GST Refund
Bank A/c Dr
To GST refund receivable A/c Cr
( Being refund received )
Abhishek Selvam O
(374 Points)
Replied 08 May 2020
prasad Nilugal
(3914 Points)
Replied 08 May 2020
sabyasachi mukherjee
(26055 Points)
Replied 09 May 2020
prasad Nilugal
( GST Practitioner & Accounts )
(14167 Points)
Replied 09 May 2020
For Accrual one has to pass GST receivable entry for example on 31st March .
sabyasachi mukherjee
(26055 Points)
Replied 09 May 2020
prasad Nilugal
( GST Practitioner & Accounts )
(14167 Points)
Replied 09 May 2020
But Abhishek (queriest ) is asking for accrual entry may be for year end .
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