Accounting for GST in Finance Company

Last updated: 22 February 2021
Quick Summary
This guide explains the accounting treatment of Goods and Services Tax (GST) specifically for finance companies. It covers key transactions such as loan approvals, customer repayments including GST and interest, and the correct recording of GST liabilities and input tax credits. The document also details the process of utilising input tax credits to offset GST payments to the government. This resource is invaluable for accountants and finance professionals working within the financial services sector who need to ensure accurate GST compliance.

File details
PPTX 50 KB 0 downloads GST
File description
Accounting entries in finance compNY #pptx
Download PPTX 50 KB Like
Submitted by · Posted 22 February 2021 · Other files by RAMESH POLINENI · Report
Comments

Recent Files in GST

View more →
PDF

FAQs on Voluntary Closure of e-Way Bill: Business Scenarios, API Impact and Portal Behaviour

03 July 2026 Download
PDF

FAQs on Bill-to/Ship-to Transactions, Export Scenarios and API Impact

03 July 2026 Download
PDF

GSTN: Enhancements in the e-Way Bill (EWB) Portal

22 May 2026 Download
PDF

ICAI issues GST Act(s) and Rule(s) Bare Law - April 2026 Edition

20 May 2026 Download
PDF

Handbook on GST Department Audit

16 January 2026 Download
PDF

Handbook on IMS under GST

16 January 2026 Download

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member SuhasiniSuhasiniPro Member FrankFrankPro Member Hemangi VazeHemangi VazePro Member S. AGARWAL & ASSOCIATESS. AGARWAL & ASSOCIATESPro Member nitinnitin
Subscribe to Pro
Join an elite circle of professionals


Popular Files


  1. CA Intermediate Corporate and Other Laws Question Paper New Course September 2026
  2. CA Intermediate Advanced Accounting Question Paper New Course September 2026
  3. Performance of Private Corporate Business Sector during Q1:2026-27
  4. 5 Years of e-Shram Portal
  5. ICAI Members' Journal - September 2026
  6. ICAI Students' Journal - September 2026
  7. RTPs for CA Final Nov 2026 Exams
  8. PAN Card Correction Form For Non-Individual
  9. User Manual of UDIN Portal for ICAI DigiCA Platform
  10. PAN Card Correction Form For Individual

Latest Job Openings

View all
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details