Credit card payment adjustment as per gst

A/c entries 242 views 1 replies

Dear sir/Madam,

Please explain me that,

If our company received payment by credit card,

We have received the payment by bank and bank deduct the charges ( Gst also deduct the bank for card commission) .

Where we show the amount, charges or gst

Replies (1)

Bank  Charges  under  indirect  Expense  In profit & loss  and  Input  CGST  and SGST  under duties and taxes  in balance sheet . 


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