Hi,
Could you tell me the entry to be passed when we receive a bill from Custom Housing Agent (CHA) with GST.
4 Replies
prasad Nilugal
(3914 Points)
Replied 07 December 2020
What agent charged in the bill ?. is it commission or Services Charges..
ISHITA SAXENA
(Service)
(245 Points)
Replied 07 December 2020
For both commission and service charge
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 07 December 2020
1) For Commission entry will be
Commission A/c Dr
CGST A/c Dr
SGST A/c Dr
To Custom Housing Agent A/c Cr
( Booking of Commission payable entry )
2) For services charges entry will be
Services Charges A/c Dr
CGST A/c Dr
SGST A/c Dr
To Custom Housing Agents A/c Cr
( Booking of services charges payable )
When you pay
Custom Housing Agent A/c Dr
To Bank A/c Cr
( payment of commission ) similarly you pass entry for payment of services charges .
Custom Housing Agent under sundry Creditor , Liability side Balance sheet .
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