UrbanPro
true

Take ACCA Exam Coaching from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

How to Pass Entries under GST Regime?

FR Prashanth Reddy
28/06/2017 0 0

How to Pass Entries under GST Regime:

Under the new GST Regime all these taxes (excise, VAT, CST, Service tax, Entry Tax) will get subsumed into one account and assesse will get benefit of setting of and availing Input credit at all levels.

Following are the accounting ledgers which needs to be maintained by assesse for recording in books of accounts apart from Purchase, Sales and other ledgers.

  • Input CGST A/C
  • Output CGST A/C
  • Input SGST A/C
  • Output SGST A/C
  • Input IGST A/C
  • Output IGST A/C
  • Electronic Cash Ledger (Government GST portal to pay GST)

The Accounting entries can be divided into two Parts: One is Intra State (within State) and other is Inter State (other State).

0 Dislike
Follow 6

Please Enter a comment

Submit

Other Lessons for You

How to understand Mensuration - Simplified.
One of the chapters in X standard Maths that students feel tough is the chapter of Mensuration. However, its one of the most easiest chapter to score as well!! How? Lets take an interesting formula on...

CU 1ST YEAR 2017 - ACCOUNTS SUGGESTION
Financial accounting" For Short Questions of 2 marks read the past years questions & answers. Some of the important topics for the short questions are given below: a. Accounting Cycle b....

Partnership Basic Questions
CHAPTER:2 Accounting for partnership firms: Basic concept State the conditions under which capital balances may change under the system of a Fixed Capital Account. A is partner in a firm. His capital...

Vedic Mathematics:To find cube root of a cubic number within seconds
To find cube root of a cubic numbers: What are cubic numbers cube of 1= 1, (ends with 1),cube of 11= 1331 (ends with 1), and so on. cube of 2= 8, (ends with 8),cube of 12= 1728 (ends with 8),...
N

Naimish K.

0 0
0

How to multiply 2 digit number in short in less than 1sec
27*39 First multiply 7*9=63 write '3' and take 6 as carry. Then cross multiplication i.e. multiply '7*3'=21 and '9*2'=18 add '21+18+6(carry from first multiplication)' = 45....
X

Looking for ACCA Exam Coaching Classes?

The best tutors for ACCA Exam Coaching Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take ACCA Exam Coaching with the Best Tutors

The best Tutors for ACCA Exam Coaching Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more