DR CURRENT TAX
CR TAX PAYBLES
AND
PURCHASES DR
GST DR
TO PAYABLES CR
AND
BANK DR
GST CR
SALES CR
OUTPUT GST-INPUT GST = GST PAYABLE IT SEEMS
UNTIL YOU DO THE ABOVE FORMULA DURING FINALISATION
"Input GST is current assets and output GST is current liabilities"
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
