Gst paid entry in current year

AJAY KUMAR (accountant) (213 Points)

13 February 2020

sir,
I have paid some amount of gst return or annual return 2017-18
now what is accounting entry for current year

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2 Replies

DURGA PRASAD (Asst Accounts Manager) (52 Points)
Replied 13 February 2020

Did you pay that amount through DRC-03,

If yes, Then Entries are

1. Electronic cash ledger debit Bank Account Credit

2. Gst paid debit Electronic Cash ledger Credit.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 13 February 2020

You can enter in Your books as "Previous Year Account" with ledger name..

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