Gst treatment on advance payment
Monica Ghlawat (5 Points)
25 September 2017
we pay advance in gst, what entry should be made for this
2 Replies
anonymous
(student)
(750 Points)
Replied 25 September 2017
GST PAYABLE A/C DR
TO BANK A/C
(YOUR GST PAYABLE A/C/ WILL SHOW A DR BALANCE INSTEAD OF CR)
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 25 September 2017
| Originally posted by : Monica Ghlawat | ||
 |
we pay advance in gst, what entry should be made for this |  |
Payment of advance is not applicable GST Tax except to URD. So, You enter normally as of accounts...
Dr. Creditor A/c - XXXX
Cr. Bank / Cash....
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