Gst journal entry is same as vat journal entry or changes is their ?
As in Interview how to reply the journal entry queries.
6 Replies
Rohit Tibrewal
(Student & Senior Accountant)
(3193 Points)
Replied 23 September 2018
Depending upon the maintenance of books of accounts and software, as per accounting treatment its same, now days all entry even relate to the expenses are recorded under Purchase in tally, in SAP as usual goods in or sirvice in
Vinod Babu
(24191 Points)
Replied 23 September 2018
Answer/ make journal entry as per the accounting rules.
Ritesh Kumar Khemka
(43 Points)
Replied 23 September 2018
Is the journal entry same as vat ?
this is my question.
Sir, kindly read the changes which came into effect after Gst.
this is my question.
Sir, kindly read the changes which came into effect after Gst.
Vinod Babu
(24191 Points)
Replied 23 September 2018
It is not similar but cant apply all the same rules of vat with gst for Passing journal entry.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 23 September 2018
Fundamental of Accounts cannot be changed , so its only Head /Name of Account can be change but not Passing of accounting entries
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