TaxTMI 
TaxTMI 
Please explain the accounting policy (Creating Account head and link details) of IGST / CGST / SGST / UTGST.
GST - IGST / CGST / SGST / UTGST - Account Policy
08 Jun 2017 
1 Reply 
1367 Views Asked by
Electronic ledger requirement: GST transactions must use portal-hosted cash, liability and credit ledgers for accounting.
All GST transactions must be carried out through the Common Portal using the Electronic Cash Ledger, Electronic Liability Register and Electronic Credit Ledger; taxpayers may adopt internal accounting policies and create account heads and linkages that reflect the transactions recorded in these electronic ledgers. (AI Summary)
All GST transactions must be carried out through the Common Portal using the Electronic Cash Ledger, Electronic Liability Register and Electronic Credit Ledger; taxpayers may adopt internal accounting policies and create account heads and linkages that reflect the transactions recorded in these electronic ledgers. (AI Summary)