i am receiving commercial rent
i am in GST regular
now tell me how to write the trasaction in cash book in my shop
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rent entry
Replies (2)
Dr. Cash A/c
Cr. Income from Rent
(Amt recd. towards rent for the month of .....)
Cr. Income from Rent
(Amt recd. towards rent for the month of .....)
Say Rent Rs. 10000 and GST @ 18% = 11800
Write as following
By Tenant A/c - Rs. 11800
To - Rent Received - Rs. 10000
To - CGST - Rs. 900
To - SGST - Rs. 900
Write as following
By Tenant A/c - Rs. 11800
To - Rent Received - Rs. 10000
To - CGST - Rs. 900
To - SGST - Rs. 900
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