Dear sir, We had agreement with one of our client that got cancelled for some reasons. Whatever amount we paid them including GST they reversed us back full amount so how do I show that entry in tally. Need help
Menu
Reverse Entry for Purchase
Replies (2)
Quick Summary
Please pass the entry when you booked the bills .
Show input tax credit for gst as mentioned in the bills.
Show input tax credit for gst as mentioned in the bills.
I think the entry might be
CGST Refund Receivable A/c _____________ Dr.
SGST Refund Receivable A/c _____________ Dr.
IGST Refund Receivable A/c _____________ Dr.
To CGST Input Credit A/c (unutilized input credit)
To SGST Input Credit A/c (unutilized input credit)
To IGST Input Credit A/c (unutilized input credit)
CGST Refund Receivable A/c _____________ Dr.
SGST Refund Receivable A/c _____________ Dr.
IGST Refund Receivable A/c _____________ Dr.
To CGST Input Credit A/c (unutilized input credit)
To SGST Input Credit A/c (unutilized input credit)
To IGST Input Credit A/c (unutilized input credit)
Recent Topics :
- TDS on under construction property not deducted
- GST on Fixed Assets
- GST ITC april 22
- GST PAYMENT REGARDING
- GST Consultation Required – June–Augus
- TDS Code for Salary Payment to Non-Resident Intern
- TDS on property
- Company data for software
- Car purchase to be eligible for ITC
- GST Refund on payment to builder
Related Topics :
CAclubindia
