Audit fee entry please help

Ankush (Student) (1364 Points)

14 October 2019

How to pass audit fee provision entry so that it reflects in GST report of tally. Please provide journal entry for the same.

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5 Replies

shaikhfaiyaz (Accountant) (13 Points)
Replied 14 October 2019

Audit fees Dr
To provision for audit

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 14 October 2019

Audit Fees Dr

GST. Dr

To TDS Payable
To. Audit Fees Payable

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sabyasachi mukherjee (27248 Points)
Replied 15 October 2019

Giridhar u are wrong.
IF THE FIRM HV GST REGISTRATION
THEN IT WILL RAISE BILL WITH GST.
AUDIT FEES DR.
INPUT GST DR.
CR. PARTY ACCOUNT.

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 15 October 2019

Can you please advise, what. wrong entry I have given. moreover you have not considered TDS. I assume that it is applicable

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Kapadia Pravin (17259 Points)
Replied 16 October 2019

Sabyasachi how your entry is right as against entry of Mr. Giridhar.

I find almost no difference .

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