Respected to all,
I have purchased house, which was used for business purpose. so, that how to make entry in tally and also gst is applicable on that or not.
3 Replies
Divakar
(Student CA Final )
(11857 Points)
Replied 19 December 2017
Whether house is purchased after completion of certificate or in under consultation property?? Do u pay gst on that.... And entry in tally in fixed assets account in land & building A/c dr to bank ac
Laxmi yadav
(Accountant at cms info system ltd.)
(171 Points)
Replied 20 December 2017
no, sir i have not pay gst for that.
Divakar
(Student CA Final )
(11857 Points)
Replied 20 December 2017
Then just capitalise it in tally under fixed assets... Open building account in fixed assets head... And entry is building ac dr to bank ac...... May be u had obtained it after completion that's why u hv nt paid gst on them
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