Question

Give 13 accounting transactions , its journal entries,ledger posting ,trial balance ,trading & p& l account and balance sheet.

Answer 1

IGST: After the IGST input tax credit is used for payment of IGST then the remaining ITC can be used to pay tax liability under CGST and SGST. ... SGST: The SGST input tax credit cannot be used to pay the CGST liability but can be used to pay the liability under CGST.