Accounting entry for export GST Payable
Preksha Bhatt (CA.Student) (290 Points)
01 June 2018
what is accounting entry for GST payable in case of export without LUT?
1 Replies
Siddharth Goel
(Chartered Accountant)
(3031 Points)
Replied 01 June 2018
1. Customer A/c Dr.
To Export Sale A/c
To GST payable A/c
(being sales made to customer)
2. GST payable A/c Dr.
To GST Receivable A/c
(being set off with GST receivable)
3. GST payable A/c Dr.
To Bank A/c
(being payment made in case of excess GST payable)
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