COMPOSITION TAX ENTRY ?
anmol vashisht (53 Points)
22 August 2019
what is the journal entry of tax paid under composition scheme ?
1 Replies
Akshay Jain
(Tax Consultant)
(1024 Points)
Replied 22 August 2019
CGST 1% A/c Dr.
SGST 1% A/c Dr
To Cash / Bank A/c or GST Payable A/c
Rate applicability depends upon your eligibility
Trader 1%
Manufacturer 3%
Restaurants,Etc. 6%
SGST 1% A/c Dr
To Cash / Bank A/c or GST Payable A/c
Rate applicability depends upon your eligibility
Trader 1%
Manufacturer 3%
Restaurants,Etc. 6%
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