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Aug 21, 2020 2:47 AM UTC
Question

I got a refund for a bank transaction, for Rs. 100 for service and Rs. 18 for IGST. How do I post this journal entry so that it reflects in GST reports and which report?

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1 reply

asha_kanta_sharma
Aug 23, 2020 7:54 AM UTC
The below is a standard entry in the books of accounts.

Bank A/c - Dr. 118
Purchase - Cr.100
Input IGST - Cr. 18