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|
Ajay Transport |
|
|
Bill to My Co. |
A LTD |
|
Freight Charges |
100000 |
|
TOTAL |
100000 |
Suppose GST Rate is 5% (2.5% CGST, 2.5% SGST)
Entry
Case 1
Bill Received on 10 April
Payment made on 29 April
View Answer| No Input of Reverse Charge | Input Available of Reverse Charge |
|
10 April Freight Exp Dr. 100000 To Ajay Transport 100000 29 April Ajay Transport 100000 To Bank 100000
30 April Reverse Charge Exp Dr. 5000 To Output CGST 2500
To Output SGST 2500
After paying GST Output CGST Dr. 2500 Output SGST Dr. 2500 To Bank 5000 |
10 April Freight Exp Dr. 100000 To Ajay Transport 100000 29 April Ajay Transport 100000 To Bank 100000
30 April Input CGST (Deff) Dr. 2500 Input SGST (Deff) Dr. 2500 To Output CGST 2500 To Output SGST 2500
After paying GST Output CGST Dr. 2500 Output SGST Dr. 2500 To Bank 5000
Input CGST Dr. 2500 Input SGST Dr. 2500 To Input CGST (Deff) 2500 To Input SGST (Deff) 2500 |
Case 2
Bill Received on 10 April
Payment not made within 60 Dys
View Answer| No Input of Reverse Charge | Input Available of Reverse Charge |
|
10 April Freight Exp Dr. 100000 To Ajay Transport 100000 30 June Reverse Charge Exp Dr. 5000 To Output CGST 2500
To Output SGST 2500
After paying GST Output CGST Dr. 2500 Output SGST Dr. 2500 To Bank 5000 |
10 April Freight Exp Dr. 100000 To Ajay Transport 100000 30 June Input CGST (Deff) Dr. 2500 Input SGST (Deff) Dr. 2500 To Output CGST 2500 To Output SGST 2500
After paying GST Output CGST Dr. 2500 Output SGST Dr. 2500 To Bank 5000
Input CGST Dr. 2500 Input SGST Dr. 2500 To Input CGST (Deff) 2500 To Input SGST (Deff) 2500 |
Case 3
First Payment in Advance on 25 April then Bill Received later on 18 june
View Answer| No Input of Reverse Charge | Input Available of Reverse Charge |
|
25 April Ajay Transport 100000 To Bank 100000 30 April Reverse Charge Exp Dr. 5000 To Output CGST 2500
To Output SGST 2500
After paying GST Output CGST Dr. 2500 Output SGST Dr. 2500 To Bank 5000
18 June Freight Exp Dr. 100000 To Ajay Transport 100000 |
25 April Ajay Transport 100000 To Bank 100000 30 April Input CGST (Deff) Dr. 2500 Input SGST (Deff) Dr. 2500 To Output CGST 2500 To Output SGST 2500
After paying GST Output CGST Dr. 2500 Output SGST Dr. 2500 To Bank 5000
Input CGST Dr. 2500 Input SGST Dr. 2500 To Input CGST (Deff) 2500 To Input SGST (Deff) 2500
18 June Freight Exp Dr. 100000 To Ajay Transport 100000 |
