Rent
This query is : Resolved
11 October 2017
What is accounting entry for GST paid on rent?
11 October 2017
for end user the whole amount can be debited to Rent.
For those claiming ITC.
Debit Rent
Debit GST on inward supplies
Credit Cash/Bank
For those claiming ITC.
Debit Rent
Debit GST on inward supplies
Credit Cash/Bank
11 October 2017
For Claiming ITC with TDS Deduction :
Rent Exp. A/c. Debit
GST Receivable A/c. Debit
TDS Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Claiming ITC without TDS Deduction :
Rent Exp. A/c. Debit
GST Receivable A/c. Debit
Vendor A/c. / Bank A/c. Credit
For Non Claiming ITC with TDS Deduction :
Rent Exp. A/c. Debit
TDS Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Non Claiming ITC without TDS Deduction :
Rent Exp. A/c. Debit
Vendor A/c. / Bank A/c. Credit
For Claiming ITC (Under RCM) with TDS Deduction :
Rent Exp. A/c. Debit
GST Receivable A/c. Debit
TDS Payable A/c. Credit
GST Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Claiming ITC (Under RCM) without TDS Deduction :
Rent Exp. A/c. Debit
GST Receivable A/c. Debit
GST Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Non Claiming ITC (Under RCM) with TDS Deduction :
Rent Exp. A/c. Debit
TDS Payable A/c. Credit
GST Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Non Claiming ITC (Under RCM) without TDS Deduction :
Rent Exp. A/c. Debit
GST Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
Rent Exp. A/c. Debit
GST Receivable A/c. Debit
TDS Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Claiming ITC without TDS Deduction :
Rent Exp. A/c. Debit
GST Receivable A/c. Debit
Vendor A/c. / Bank A/c. Credit
For Non Claiming ITC with TDS Deduction :
Rent Exp. A/c. Debit
TDS Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Non Claiming ITC without TDS Deduction :
Rent Exp. A/c. Debit
Vendor A/c. / Bank A/c. Credit
For Claiming ITC (Under RCM) with TDS Deduction :
Rent Exp. A/c. Debit
GST Receivable A/c. Debit
TDS Payable A/c. Credit
GST Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Claiming ITC (Under RCM) without TDS Deduction :
Rent Exp. A/c. Debit
GST Receivable A/c. Debit
GST Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Non Claiming ITC (Under RCM) with TDS Deduction :
Rent Exp. A/c. Debit
TDS Payable A/c. Credit
GST Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
For Non Claiming ITC (Under RCM) without TDS Deduction :
Rent Exp. A/c. Debit
GST Payable A/c. Credit
Vendor A/c. / Bank A/c. Credit
11 October 2017
Here GST refer to as IGST / SGST / CGST accordingly
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