Accounting Entries In Gst How To Pass Journal Entries In Gst
Accounting entries under GST, How to pass accounting entries In GST GST Entries for Every Month Sales Purchase Expenses RCM CLOSURE ENTRY TO BE PASSED ON THE LAST DAT OF MONTH Let us consider a few basic business transactions (all amounts excluding GST) Example 1: Intra State (i.e Within State) Assuming CGST @8% and SGST@8% The entries will be- Thus due to input tax credit, tax liability of Rs. 24,000 is reduced to only Rs....