Sir please give me a advise for journal entry for this transaction for receiver side
incentives on sales 38010
9percent cgst 3420.90
9pecent sgst 3420.90
44853
tds 5% 1901
total 42951
7 Replies
CA Devanand Jethanandani
(CA)
(8003 Points)
Replied 07 February 2018
In the books of receiver,
Party A/c. Dr. 42950.80
TDS Receivable Dr. 1901
To Incentive income Cr. 38010
Output CGST Cr. 3420.90
Output SGST Cr. 3420.90
CA Devanand Jethanandani
(CA)
(8003 Points)
Replied 07 February 2018
It will be paid by receiver (seller) under forward charge.
pradeepbisht
(students)
(40 Points)
Replied 07 February 2018
what documents give to distributer after passing journal entries
CA Devanand Jethanandani
(CA)
(8003 Points)
Replied 08 February 2018
Seller has to give invoice only.
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