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May 9, 2020
Question

I have paid GST to be paid to govt to my accountant who in turn paid the GST . How to do entry of this as " TAX Payment " ?

  • May 9, 2020
  • 2 replies
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2 replies

asha_kanta_sharma
July 3, 2020

You may Debit the Tax Consultant Ledger with the amount of GST and credit Bank Account. At the time of when GST is paid by Tax Consultant, get the Tax Payment Challans with you and keep it safe. Now Debit all GST Payable Accounts and Credit Tax Consultants Account.

asha_kanta_sharma
July 3, 2020

You may Debit the Tax Consultant Ledger with the amount of GST and credit Bank Account. At the time of when GST is paid by Tax Consultant, get the Tax Payment Challans with you and keep it safe. Now Debit all GST Payable Accounts and Credit Tax Consultants Account.