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 ravi_laksravi_laksPro Member asmita guptaasmita guptaPro Member AMBOJ KUMARAMBOJ KUMARPro Member rajeev koolwalrajeev koolwalPro Member N N V SatishN N V Satish
Subscribe to Pro
Join an elite circle of professionals


Popular Files


  1. Processing Status of Citizen’s Charter Applications as of Sept 30, 2026
  2. RBI Bulletin - September 2026
  3. RBI | Report of the Advisory Committee on Ways and Means Advances to State Govts
  4. Monthly Economic Review - Sept 2026
  5. ICSI | Exposure Draft of Proposed Syllabus 2027
  6. ICAI Students' Journal: October 2026 Edition
  7. CA Intermediate Financial Management and Strategic Management Paper New Course September 2026

Latest Job Openings

View all
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details