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What is GST and Implementation In Tally ERP 9? Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services. This law has replaced many indirect tax laws that previously existed in India. Under the GST regime, the tax is levied at every point of sale. In the case […]
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What is Journal Entry of Cash and Trade Discount what are Journal Entry of Cash and Trade Discount some time cash and trade discount are allowed to a customer in one transaction only under such transaction we have to understand the basic concept of trade and cash discount before recording the journal entry? Example 1: […]
Types of Returns Under GST Regime Forms Details Time Due date GSTR-1 Details of outward supplies of taxable goods and/or services affected Monthly 11th of the next month which effect from October 2018 GSTR 3B Simple Return in which summary of outward supplies along with Input Tax Credit is declared and payment of tax is […]
GST Tally Accounts taxation training Institute in Dehradun Introduction and execution of GST, Liability of the taxpayers, GST network, GST council, Levy of an exemption from tax, Levy of GST – Introduction, Composition scheme, Remission of tax/duty, Registration, Registration-introduction, Registration procedure, Important points, Special persons, Cancellation/amendment, Meaning and scope of supply, Taxable supply, Supply of goods […]
Journal Entry of outstanding Expense The outstanding expense is those which has been incurred and consumed during the accounting period and are due to be paid. The outstanding expense is a personal account and is shown on the liabilities side of the balance sheet. when expenses are not paid on time they are outstanding. In […]
Journal entry for loan payment and receipt in accounting When a loan is taken When the loan is taken it a Liability for the firm. Example: Journal entry for a loan payable Suppose A purchased a car on loan for Rs 200000 by a firm then the following entry will be the pass. In […]
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