i am receiving commercial rent
i am in GST regular
now tell me how to write the trasaction in cash book in my shop
Dr. Cash A/c
Cr. Income from Rent
(Amt recd. towards rent for the month of .....)
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 19 August 2018
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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