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 )
For Accrual one has to pass GST receivable entry for example on 31st March .
But Abhishek (queriest ) is asking for accrual entry may be for year end .
CAclubindia
