Question

how to find gst for journal entry pls tell with example​

Answer 1

Accounting Entries for GST Set off and Cash/Bank Payment

CGST Payable A/c__________ Dr. 50000. To CGST Input Credit A/c 30000. To IGST Input Credit A/c 20000.

SGST Payable A/c__________ Dr. 50000. To SGST Input Credit A/c 30000. To Electronic Cash Ledger A/c 20000.

IGST Payable A/c__________ Dr. 80000.