Sales Entries Under GST

One of our Debtor XYZ (R.D.) has its GST Register Number.

Situation arise that sales on credit made under two different situation:-

1. Rs.3550/- Sales as TAX SALES on CREDIT (For Further Sale - As The party is Trader). 

2. Rs.2500/- Sales as RETAIL SALES on CREDIT (For No Further Sales).

How to pass its Journal Entry to show the effect of both transaction in single LEDGER. (As we have to recive amount from single party only).

 

Replies (2)
Quick Summary
This discussion explores how to accurately record journal entries for sales made on credit to a debtor who has a GST registration number. The core issue is differentiating between sales intended for further resale (taxable B2B) and retail sales (B2C) within a single ledger. The advice focuses on ensuring the correct GST treatment for each transaction type, even when consolidated under one debtor.

A single entry for both the sale transactions can be made.

Why does the end use matter to you?

Because One is Retail (B2C) & Other is TAX (B2B) sales transaction

 

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