our party maintain cgst 9% and sgst 9% and another cgst 12% and sgst 12%
how we do adjustment entry pls let me know with example
Adjustment entry for what??
for closing books or ???
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 29 November 2019
You will create Ledger as CGST and transfer all the CGST (2.5%, 6%, 9# &14%) Tax amounts to this ledger. Same as to SGST and IGST.
Finally You can get CGST, SGST and IGST Tax amounts after adjusting the amounts...
Finally You can get CGST, SGST and IGST Tax amounts after adjusting the amounts...
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