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Transcript

Expense To Party 100000 100000 100000 5000 Expense Dr Input IGST Dr To Party 105000 100000 2500 Expense Dr Input CGST Dr To Party 105000 2500 Input SGST Dr Expense Entry 100000 Expense Entry 100000 + 5% IGST Expense Entry 100000 + 5% CGST SGST 105000 105000 Expense Dr To Party (If ITC Available) ( If ITC Available) (If No ITC) 105000 105000 Expense Dr To Party (If No ITC) Expense Entries Stationary Bill 1000 + 5% GST So Entry is ITC Available Pizza Bill 1000+5% GST No ITC Available So Entry is Stationary Dr 1000 Input CGST 2.5% Dr 25 Input SGST 2.5% Dr 25 To Party 1050 Food Exp Dr 1050 To Party 1050

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.