Last updated at Dec. 13, 2024 by Teachoo
Example 3
| C LTD | |
| Purchase | 50000 |
| Cst 2% | 1000 |
| 51000 | |
| Z LTD | |
| Sale | 120000 |
| Cst 2% | 2400 |
| 122400 | |
Pass Entries for Purchase and Sales
Purchase 2% Central 51000
To C Ltd 51000
Z ltd Dr 122400
To Sales Central 2% 120000
To Output CST 2% 2400
Example 4
| C LTD | |
| Purchase | 70000 |
| Cst 5% | 3500 |
| 73500 | |
| Z LTD | |
| Sale | 60000 |
| Cst 5% | 3000 |
| 63000 | |
Pass Entries for Purchase and Sales
Purchase 5% Central 73500
To C Ltd 73500
Z ltd Dr 63000
To Sales Central 5% 60000
To Output CST 5% 3000
Vat CST Accounting
Entries for CST Purchase and Sales You are here
How to Pass Purchase & Sale Entry with GST
Entries for Adjustment of Output and Input Vat
Entries for Adjustment of Vat Credit with CST
Journal Entries of Different Expenses for Vat Dealers
Concept of Tax Invoice and Retail Invoice and their Entres
Treatment of Purchase Return
Treatment of Sales Return
About the Author
CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.