18 - Purchase Gst Entrypdf File

These are Assets (Current Assets). Since you can offset this tax against your future sales tax, it is not an expense.

To record an intra-state purchase (GST within the same state) in your accounting system, follow this guide for a standard 18% GST entry. 18 - Purchase GST Entrypdf

📍 Always reconcile these entries with your GSTR-2B statement before filing your monthly returns to ensure the supplier has uploaded the invoice. These are Assets (Current Assets)