uday kumar yadav (accountant ) (32 Points)
16 May 2018Sir,
Our company has a car repaired which parts of rs 10000/- whose gst rate of some parts 28% and some 18 % and labour charges 5000/- whose gst rate has charged 18 % . so plz guide me how would it be entry under accounting head Reapair and mentenance (indrect exp)
Jeeva Thangavelu
(Student CA Final )
(609 Points)
Replied 16 May 2018
Sir,
The entire amount has to be charged as expenses under the head repairs and maintenance. Varying GST rate does not affect the nature of expenses.
uday kumar yadav
(accountant )
(32 Points)
Replied 16 May 2018
Sir , How can we show Diffrent GST rate with single head repaier and maintenance exp. because Gst Head also is single . or Gst amount would be manullay typed .
Jeeva Thangavelu
(Student CA Final )
(609 Points)
Replied 16 May 2018
You can type it manually sir. If required you can have the detail in narration.
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 16 May 2018
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 16 May 2018
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 16 May 2018
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 16 May 2018
Respected Raja P M Sir.,
Why you show Two accounts head for same expenses...?
CAclubindia
