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How to Pass TDS Journal Entries Under GST



You have already known the difference between TDS under Income tax law and GST Law. TDS under GST is advance GST which will be deducted who will pay for bought goods or service  and deposit in Govt. Account. During paying actual GST in Govt. account, debtor will have the right to get input credit of past advance GST in the form of TDS. TDS under GST is 2%. 1% CGST and 1% SGST.

Now, it will be easy for you to pass the journal entry of TDS under GST.

A Situation # If GST is exempt when supply of Goods or Service

In the books of Debtor (Govt. Department or exempted items under GST ) 

Creditor Account Debit

Bank Account Credit

TDS - CGST Account Credit
TDS - SGST Account Credit


In the books of Creditor


Bank Account Debit

TDS - CGST Account Debit
TDS - SGST Account Debit

Debtor Account  (Govt. Department or exempted items under GST ) Credit



For Example Mr. A supplied exempted goods to Govt. Department of Rs. 1 Lakh and TDS under GST is 1% CGST and 1% SGST

In the books of A ( who is creditor )

Bank Account Debit 98000

TDS - CGST Account Debit 1000
TDS - SGST Account Debit  1000

Debtor Account  (Govt. Department or exempted items under GST ) Credit 1,00,000


In the books of Govt. Department ( who is debtor of A )


Creditor Account Debit

Bank Account Credit 98000

TDS - CGST Account Credit 1000
TDS - SGST Account Credit  1000



B Situation # If GST and TDS under GST both applies { Learn Only GST Journal Entries }

In the books of Debtor ( Who bought the Goods ) 

When bought goods on Credit

Purchase A/c Dr.
Input CGST A/c Dr.    
Input SGST A/c Dr.     
Creditor A/c Cr. 


{ Total payable amount will increase with GST amount } 

When payment will be done to Creditor


Creditor Account Debit

Bank Account Credit

TDS - CGST Account Credit
TDS - SGST Account Credit

{ Payment to creditor will decrease with TDS under GST and same TDS under GST will deposit by debtor to Govt. account }

Example


Mr. A Bought Goods from Mr. B of Rs. 100,000 and GST is 18% and TDS under GST is 2%. Pass the journal entries

In the Books of A

When bought goods on Credit


Purchase A/c Dr. 1,00,000
Input CGST A/c Dr.    9000
Input SGST A/c Dr.     9000
B A/c Cr. 1,18,000

When payment will be done to Creditor


Creditor Account Debit 1,18,000

Bank Account Credit 1,15,640

TDS - CGST Account Credit 1180
TDS - SGST Account Credit 1180

{ Payment to creditor will decrease with TDS under GST and same TDS under GST will deposit by debtor to Govt. account }


When TDS under GST will pay to Govt. Account

TDS - CGST Account Debit 1180
TDS - SGST Account Debit 1180

Bank Account ( Govt. Department ) Account Credit 1180

In the books of Creditor ( Who bought the Goods ) 

When sell goods on credit

            Debtor A/c Dr.
             Sales A/c Cr.
              Output CGST A/c Cr.
             Output SGST A/c Cr.


{ Total receivable amount will increase with GST amount because its duty of seller to deposit GST to Govt. Department } 


When Payment will Receive

Bank Account Debit

TDS - CGST Account Debit
TDS - SGST Account Debit

Debtor Account   Credit

{ Actual payment  receive from debtor  will decrease with TDS under GST and same TDS under GST will deposit by debtor to Govt. account }

Example :

Mr. A Bought Goods from Mr. B of Rs. 100,000 and GST is 18% and TDS under GST is 2%. Pass the journal entries


When sell goods on credit

            A A/c Dr. 1,18,000
             Sales A/c Cr. 1,00,000
              Output CGST A/c Cr. 9000
             Output SGST A/c Cr. 9000


{ Total receivable amount will increase with GST amount because its duty of seller to deposit GST to Govt. Department } 




When Payment will Receive

Bank Account Debit 115640

TDS - CGST Account Debit 1180
TDS - SGST Account Debit  1180

Debtor Account   Credit 1,18,000

{ Actual payment  receive from debtor  will decrease with TDS under GST and same TDS under GST will deposit by debtor to Govt. account }


GST Paid by Creditor or Seller to Govt. Department 

Output CGST Account Debit 9000
Output CGST Account Debit 9000

Bank Account Credit ( Govt. Account ) 18000








Bank Account Debit 2360

TDS - CGST Account Credit 1180

TDS - SGST Account Credit 1180


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Accounting Education: How to Pass TDS Journal Entries Under GST
How to Pass TDS Journal Entries Under GST
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Accounting Education
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