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please give the examples of the journal entries to be passed while recording tax payment
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Dear iamtestpass.qbou,
When you click on "Tax Adjustment" hyperlink Journal Entry page opens automatically. However, please find the below example for Journal Entry for "Tax Adjustment".
Output SGST A/C Dr
Output CGST A/C Dr
Output IGST A/c Dr
Input SGST A/C Cr
Input CGST A/C Cr
Input IGST A/c Cr
CGST Payable A/c Cr
SGST Payable A/C Cr
IGST Payable A/C Cr
Hope this helps.
Please call on our helpline number, in case if you need any assistance.
Dear iamtestpass.qbou,
When you click on "Tax Adjustment" hyperlink Journal Entry page opens automatically. However, please find the below example for Journal Entry for "Tax Adjustment".
Output SGST A/C Dr
Output CGST A/C Dr
Output IGST A/c Dr
Input SGST A/C Cr
Input CGST A/C Cr
Input IGST A/c Cr
CGST Payable A/c Cr
SGST Payable A/C Cr
IGST Payable A/C Cr
Hope this helps.
Please call on our helpline number, in case if you need any assistance.
How to make payment entries of the liability created?
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