GST - IGST / CGST / SGST / UTGST - Account Policy

[Suresh Babu]

Please explain the accounting policy (Creating Account head and link details) of IGST / CGST / SGST / UTGST.

AI Summary

Guidance on Accounting Policy for GST Transactions Using Electronic Ledgers: Cash Ledger, Liability Register, Credit Ledger A user inquired about the accounting policy for IGST, CGST, SGST, and UTGST, specifically regarding the creation of account heads and link details. The response advised that all GST transactions should be conducted through the Common Portal using the Electronic Cash Ledger, Electronic Liability Register, and Electronic Credit Ledger. It was suggested that users can develop their own accounting policy based on the transactions processed through these electronic ledgers.