Pre-GST Scenario – Accounting Under VAT, CST, Service Tax, Excise; GST Regime – Types of Ledger Accounts to be Maintained Under GST; Journal Entries Under GST 1. Telephone expenses are indirect expenses. 14) Paid Salary Rs 12500 to Accountant 15) Sold Goods worth Rs 26000 by cash. 9) Transfer Rs 5000 from HDFC to Bank of Baroda. Stationary expenses a/c Dr 500 . For what Purpose a Journal Voucher is Used in Tally. This voucher is used for all adjustment or due entries in tally software, or in other words entry which is not made by other accounting vouchers are made by this voucher. Treatment of Telephone Expenses Account in Final Accounts. These expenses attract GST. AssignmentCompany at the month end estimated that for following Expenses,Bills were not received.Make Provision for expense for sameExpense NameParty NameAmountInternet ChargesReliance2000Maintenance ChargesApsara Building Association1500Electricity ExpenseBSES9000Water ExpensesDelhi Jal Board500Tot Purchase Transactions (Input Supplies of Goods or Services) 2. of ready to use Accounting vouchers one among which is Journal voucher. 11) Paid Rs 12500 for Commission in cash. or. 3. What is teachoo? 10) Withdraw Rs 35000 from HDFC Bank for personal Use. Tally screenshots are presented for educational purpose. Therefore, these expenses are shown in expenses side of the profit and loss account. Tally Expenses Entries in Purchase Voucher, Journal Voucher and Payment Voucher Expenses Entries in Tally under GST Act A business may incur day-to-day expenses such as rent, telephone bills, Internet Bill, stationery, petty-cash expenses, and so on, to carry out the operations. or. 12) Paid Carriage inward in cash Rs 1500. Entry to be made. 4. To Telephone exp payable a/c 600 . The following transactions are examples for journal voucher. Debit:-Telephone Expenses Account. Outstanding Expenses Account. 13) Purchase Goods worth Rs 2500. How to Pass Expense Entry for Claim Input Credit Under GST Scenario Input tax credit provisions under GST are framed with a border perspective to allow the tax credit on all the inward supplies. Sale Transactions (Outward Supplies of Goods and Services) 3. No part of the document shall be construed as promotion of any person/organisation. Tuesday, 25 July 2017 Venugopal Gella Chartered Accountants GST HANDBOOK FOR ACCOUNTANTS - JOURNAL ENTRIES And under Accounting Voucher there are already 10 nos. Service Provider’s Personal Account. You can post many accounting entries by using journal voucher in Tally erp9. If you are a registered dealer and purchasing from another registered dealer, and paid GST at the […] He provides courses for Practical Accounts, Taxation , GST and Efiling at teachoo.com. Accounting Treatment Under GST. Credit:-Expenses Payable Account. 2. Liability of Expenses Preliminary Expenses A/c Professional Fees About the Author CA Maninder Singh CA Maninder Singh is a Chartered Accountant for the past 6 years. Telephone expenses a/c Dr 600 . Record Expenses With GST in Purchase, Payment or Journal Voucher A business may incur day-to-day expenses such as rent, telephone bills, Internet Bill, stationery, petty-cash expenses, and so on, to carry out the operations. This is the V 1.0, and we update the document time to time. To Vendor 500 16) Paid Rs 3500 for telephone Expenses. Record Expenses with GST in Purchase Voucher (F9) in Tally.ERP9: A business may incur day-to-day expenses such as rent, telephone bills, Internet Bill, stationery, petty-cash expenses, and so on, to carry out the operations. GST Accounting Entries, How to Pass Accounting Entries Under GST Under GST Regime Service tax, VAT, Excise will be maintained under one account and assesse will get benefit of setting of and availing Input credit at all levels. Outstanding expenses entries . These expenses attract GST.

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