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Transcript

Consultancy Charges CGST 118000 9000 -- -->Assume we do not get any input 9000 SGST Total 100000 Consultancy Expense Dr 118000 To A 118000 Payment A Dr. To Bank A/C 118000 118000 What is Entry of Bill with GST Bill IF NO TDS Consultancy Expense Dr To A 118000 Payment A Dr. To Bank A/C 108000 Bill IF TDS @10% 108000 10000 To TDS 108000 A Consultancy Charges CGST 118000 9000 -- -->Assume we get input ( 9000 SGST Total 100000 Consultancy Expense Dr 118000 To A 100000 Payment A Dr. To Bank A/C 118000 118000 What is Entry of Bill with GST Bill IF NO TDS IF TDS @10% Input CGST 9% Input SGST 9% 9000 9000 Consultancy Expense Dr To A 100000 Payment A Dr. To Bank A/C 108000 108000 Bill Input CGST 9% Input SGST 9% 9000 9000 108000 10000

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.