Question :paid for courier charges 1,000 with CGST and SGST 6% Journal

1.	Question :paid for courier charges 1,000 with CGST and SGST 6% Journal: courier a/c dr 1,000............ Input cgst a/c dr.......... Input sgsta/c dr........ To cash a/c Why it is input cgst and sgst why not output....plz explain if you know put don't spam.
Answer» Answer: The answer is very simple Whenever we buy goods or pay for courier when we RECEIVE goods we have to pay CGST and sgst taxes. But whenever we SELL goods we WRITE output cgst and output sgst always REMEMBER !

Question :paid for courier charges 1,000 with CGST and SGST 6% Journal: courier a/c dr 1,000............ Input cgst a/c dr.......... Input sgsta/c dr........ To cash a/c Why it is input cgst and sgst why not output....plz explain if you know put don't spam.

Answer»

Answer:

The answer is very simple

Whenever we buy goods or pay for courier when we RECEIVE goods we have to pay CGST and sgst taxes.

But whenever we SELL goods we WRITE output cgst and output sgst always REMEMBER !

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

Question :paid for courier charges 1,000 with CGST and SGST 6% Journal: courier a/c dr 1,000............ Input cgst a/c dr.......... Input sgsta/c dr........ To cash a/c Why it is input cgst and sgst why not output....plz explain if you know put don't spam.

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