Respected to all,
I have purchased house, which was used for business purpose. so, that how to make entry in tally and also gst is applicable on that or not.
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Regarding gst
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Whether house is purchased after completion of certificate or in under consultation property?? Do u pay gst on that.... And entry in tally in fixed assets account in land & building A/c dr to bank ac
no, sir i have not pay gst for that.
Then just capitalise it in tally under fixed assets... Open building account in fixed assets head... And entry is building ac dr to bank ac...... May be u had obtained it after completion that's why u hv nt paid gst on them
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