Query title

In the books of X firm entries will be

Out put tax A/c Dr
To input tax A/c Cr
To Tax payable A/c Cr
( GST payable )

when Firm Y paid GST of X firm

GST Payable A/c Dr
To Y Firm A/c Cr
( GST paid by Y Firm )

When X firm paid to Y firm

Y Firm A/c Dr
To Bank A/c Cr
( GST payment made to Y firm earlier paid )

Note - Take Y firm A/C under Trade Creditor , Current liability , Balance sheet .

Agree with above

X creditors hoga aur y debtors hoga ye input kiya rakaha apne

I agree with the above comment

sir kya urd purchase ko 1 no mein dikha sakte

sir kya urd purchase ko 1 no mein dikha sakte

Originally posted by : Shahan
	sir kya urd purchase ko 1 no mein dikha sakte

 

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