This is the total invoice value you owe the supplier. Important Checklist
If you tell me which you use (like Tally, QuickBooks, or SAP), I can provide the specific navigation steps for that system.
These are Assets (Current Assets). Since you can offset this tax against your future sales tax, it is not an expense. 18 - Purchase GST Entrypdf
Ensure the correct code is mentioned to justify the 18% rate.
When you buy goods or services worth at an 18% GST rate , your journal entry will look like this: Account Head Purchase A/c Input CGST (9%) Input SGST (9%) To Creditor / Bank A/c $11,800 Key Components This is the total invoice value you owe the supplier
📍 Always reconcile these entries with your GSTR-2B statement before filing your monthly returns to ensure the supplier has uploaded the invoice.
You must have the supplier’s valid GST number to claim the Input Tax Credit (ITC). Since you can offset this tax against your
ITC must be claimed within the statutory time limits.