GST Accounting Transaction with Example
# Accounting entries for Outward Supplies Sr Transaction Accounting Entry Debit Credit 1 Outward supplies (sales within the state – B2B) Debtors A/c Dr Outward Supplies – B2B (within the state) Output Tax Liability – CGST A/c Output Tax Liability – SGST A/c Cr 2 Outward supplies (sales outside the state – B2B) Debtors A/c Dr Outward Supplies – B2B (within the state) Output Tax Liability – IGST A/c Cr 3 Outward supplies (sales within the state – B2C) Debtors A/c Dr Outward Supplies – B2C (within the state) Output Tax Liability – CGST A/c Output Tax Liability – SGST A/c Cr