what will be entry in tally for
amount paid towards Factory license Renewal fee ??
2 Replies
prasad Nilugal
(3914 Points)
Replied 26 August 2020
They have charged CGST & SGST no factory license or not ?.
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 26 August 2020
If they have charged CGST & SGST then entry will be
1) Factory license Renewal Expense A/c Dr
CGST A/c Dr
SGST A/c Dr
To Cash / Bank A/c Cr
( Expense for Renewal of Factory license , Cheque No ... dated ... )
If not charged then entry will be
2) Factory license Renewal Expense A/c Dr
To Cash / Bank A/c Cr
( Narration as above )
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