If you tell me which you use (like Tally, QuickBooks, or SAP), I can provide the specific navigation steps for that system.
Ensure the correct code is mentioned to justify the 18% rate. 18 - Purchase GST Entrypdf
To record an intra-state purchase (GST within the same state) in your accounting system, follow this guide for a standard 18% GST entry. If you tell me which you use (like
These are Assets (Current Assets). Since you can offset this tax against your future sales tax, it is not an expense. 18 - Purchase GST Entrypdf
This represents the base value of the goods (tax-exclusive).
You must have the supplier’s valid GST number to claim the Input Tax Credit (ITC).