Ankit (Officer) (41 Points)
24 March 2019
prasad Nilugal
( GST Practitioner & Accounts )
(14846 Points)
Replied 24 March 2019
When you pay GST liability at the end of month
1. Out Put GST A/c Dr
To Input GST A/c Cr
To GST payable A/c Cr
( Being GST payable after adjustment of Out & Input GSt )
2. GST Payable A/c Dr
To Bank A/c Cr
( Tax liability paid )
Ankit
(Officer)
(41 Points)
Replied 24 March 2019
prasad Nilugal
(3924 Points)
Replied 24 March 2019
Ankit
(Officer)
(41 Points)
Replied 24 March 2019
prasad Nilugal
( GST Practitioner & Accounts )
(14846 Points)
Replied 24 March 2019
prasad Nilugal
( GST Practitioner & Accounts )
(14846 Points)
Replied 24 March 2019
Please do not consider above entry
Output CGST A/c Dr 10000
Output SGST A/c Dr 10000
Output IGST A/c Dr 9000
Revenue Authority (CGST) A/c Dr 2000
Revenue Authority (SGST) A/c Dr 2000
Revenue Authority (IGST) A/c Dr 1000
To Input CGST A/c Cr 12000
To Input SGST A/c Cr 12000
To Input IGST A/c Cr 10000
( Being tax refundable form revenue authority )
Show revenue Authority under Current -Asset
Refund Entry will be
Bank A/c Dr 5000
To Revenue Authority (CGST) Cr 2000
To Revenue Authority (SGST) Cr 2000
To Revenue Authority (IGST) Cr 1000
( Being tax refunded by revenue authority )
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 24 March 2019
Rahul Rustagi
(Student CA Final )
(310 Points)
Replied 24 March 2019
Mohammad Azam
(Acoountant)
(56 Points)
Replied 27 March 2019
End of the month entries..
Output GST A/c Dr
To Input GST A/c Cr
---------------------------------------
If GST is payable
Output GST A/c Dr
To GST Payble A/c Cr
and
GST Payble A/c Dr
To Bank A/c Cr
CAclubindia
