if i purchase apple phone rs 80000 in exchange of my existing mobile worth rs 10000.
what is journal entry in tally
Menu
exchange in gst
Replies (4)
Iphone Dr. 80000
To Old phone 10000
To Cash/Bank 70000
Old phone's BV has also been considered as 10000.
gst levied on 70000 or 80000??
Gst leived depends upon the bill raised by seller.
GST levied on full value of 80000/-
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
