Paid trade License fees for a proprietorship company. What is the entry?
Menu
Trade License payment entry
Replies (5)
Debit license fee (or registration charges) and credit Bank/cash account
Licence fee a/c dr
to Bank a/c
to Bank a/c
GST applicable on license fees , so you have to debit. input CGST and SGST .
I mean to say GST applicable on License fees so entry will be
License Fees A/c Dr
Input CGST A/c Dr
Input SGST A/c Dr
To Bank A/c Cr
( License fees Paid )
License Fees A/c Dr
Input CGST A/c Dr
Input SGST A/c Dr
To Bank A/c Cr
Input CGST A/c Dr
Input SGST A/c Dr
To Bank A/c Cr
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
