dear friends
I want to know how I create GST liability in books manually by which I adjust my GST paid in books
I m not getting cross entries for nill that accounts
GST input tax credit (entry is made at the time of purchase), GST output tax liability (entry is made at the time of sale) to be mantained in separte ledger accounts. Every month one control entry can be made to adjust the input tax laibility with the output tax liability (control ledger), the balance tax payable, if any can be paid to the government in cash.
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