How to Set off GST | GST Set Off Adjustments | Input Tax Credit |

In this video, I have explained the procedure of setting of GST. You all will get complete understanding of the criteria you need to follow for setting off your input tax credit.

Make sure you have watched my previous video of GST Mechanism linked below which will help you to have in depth knowledge of the topic.
https://youtu.be/6GjmhxLURiw

In case you find any difficulty with the journal entries, the videos linked below will solve the issue.

Rules of Debit and Credit:
https://youtu.be/bynmJ20cIfo

Traditional Approach for Journal Entries:
https://youtu.be/1rWewtHpolg

Modern Approach for Journal Entries:
https://youtu.be/Uz_Uf9SCl1k

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#GST #GST_Setoff #GST_Mechanism #The_Commerce_Epicenter

Тэги:

#Setting_off_GST #GST_Set_Off_Adjustments #Input_Tax_Credit #CGST #IGST #SGST #Input_GST #Output_GST #Adjustment_of_Input_GST_with_Output_GST #Journal_Entries_for_adjusting_GST #How_to_set_off_GST #Study_from_home #Lockdown_study #Conceptual_Learning #basics_of_Accounting #Indirect_Tax #Taxation #Goods_and_Service_Tax #What_is_GST #The_Commerce_epicenter

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