Accounting entry for TDS made under GST

Should new account be opened to for TDS made under GST Act by government or normal ITC should continued to be used. In my organisation we are having various ITC accounts i.e. Input CGST 5%, Input SGST 5%, Input CGST 12%, Input SGST 12%, Input IGST 5%, Input IGST 12% etc. I be feel it would be inappropriate to credit any of such account for TDS, therefore in my view a separate account opened like GST Cash ledger since the amount so deducted will reflect in Electronic Cash Ledger on the GST portal.

0 Answer
0 Answer
forum   Other Related Discussions
Tally Erp9

Didn't get the answer.
Contact people of Talent-Tally Erp9 directly by clicking here