Agar ek firm hai x dusri firm hai y y ne x frim ka gst pay kardiya to books of account mein entry bataye
8 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14803 Points)
Replied 31 October 2021
In the books of X firm entries will be
Out put tax A/c Dr
To input tax A/c Cr
To Tax payable A/c Cr
( GST payable )
when Firm Y paid GST of X firm
GST Payable A/c Dr
To Y Firm A/c Cr
( GST paid by Y Firm )
When X firm paid to Y firm
Y Firm A/c Dr
To Bank A/c Cr
( GST payment made to Y firm earlier paid )
Note - Take Y firm A/C under Trade Creditor , Current liability , Balance sheet .
Out put tax A/c Dr
To input tax A/c Cr
To Tax payable A/c Cr
( GST payable )
when Firm Y paid GST of X firm
GST Payable A/c Dr
To Y Firm A/c Cr
( GST paid by Y Firm )
When X firm paid to Y firm
Y Firm A/c Dr
To Bank A/c Cr
( GST payment made to Y firm earlier paid )
Note - Take Y firm A/C under Trade Creditor , Current liability , Balance sheet .
Shahan
(accountant)
(186 Points)
Replied 31 October 2021
X creditors hoga aur y debtors hoga ye input kiya rakaha apne
Shahan
(accountant)
(186 Points)
Replied 28 March 2022
sir kya urd purchase ko 1 no mein dikha sakte
Shahan
(accountant)
(186 Points)
Replied 28 March 2022
sir kya urd purchase ko 1 no mein dikha sakte
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