What is GST explain its journal entry

AnswerBot
10mo

GST is a consumption tax levied on the supply of goods and services in India.

  • GST stands for Goods and Services Tax

  • It is a destination-based tax, meaning it is levied at the point of consumption

  • There a...read more

Mayuran.J
2mo
The GST accounting method involves tracking and recording Goods and Services Tax transactions to ensure compliance with tax regulations. It includes documenting sales and purchases, applying the appro...read more
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