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Journal entry for tcs1% on car purchase by firm


Rajesh TM (Accounts Manager)     24 November 2018

Rajesh TM
Accounts Manager 
 109 points

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thank you sir

prasad Nilugal (Sr . Accountant and GST Practitioner . )     24 November 2018

prasad Nilugal
Sr . Accountant and GST Practitioner .  
 359 likes  5362 points

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Well come sir , TCS  is like paying Tax  in advance so its under  Loans & advance  (asset ) .Its always better to take  Invoice in firms name with GSTN  because  it  Important  for Audit  purpose .

2 Like

prasad Nilugal (Sr . Accountant and GST Practitioner . )     24 November 2018

prasad Nilugal
Sr . Accountant and GST Practitioner .  
 359 likes  5362 points

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Sir I request you to confirm with others also .


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