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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

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Case 2

                Bill Received on 10 April

                Payment not made within 60 Dys

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Case 3

               First Payment in Advance  on 25 April then Bill Received later on 18 june

View Answer
  1. GST - Goods and Services Tax, India
  2. GST Computation & Accounting
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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 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
  • DEEKSHA V K's image

    Frieght charges in GST Purchase Exempted or taxable ?????

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  • Rohit jain's image
    Sir why 
            Reverse charge exp Dr
                   To SGST output 
                    To CGST output
    In first cast no input available 
    Please explain this entry
    View answer
  • Rathik Banka's image
    Hi
    I have few doubts related to RCM(tally )
    1) I have raised the tax liability (RCM) 
    By journal entries as by you 
    I have raised journal as on 31/7/7 
    Voucher having date31/7/17

    2) as for GSTR-3B I WILL HV TO FIRST CREATE AND pay challan for RCM  and GST PAYABLE (IF ANY) 

    3) As I will be making payment on 17/08/17 I will pass the entry in tally on 17/08 to credit bank and debit output tax accounts

    4)Then after the above entry I will pass the journal entry to debit input tax ledger and increase my ITC

    Sir now my question is when can I claim the above ITC(RCM)in the return for July or the return for AUGUST 

    SIR PLZ CORRECT ME IF THERE IS ANYTHING WRONG IN THE ABOVE ENTRIES 

    View answer
  • Rathik Banka's image
    What does (deff)  means
    What should be the account group of  cgst input(deff)
    View answer
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