Class 11 Accountancy | Journal Entries with GST | Complete Concept & Rules

Welcome to HS Patwal Mentorship! This video continues your Class 11th Accountancy journey by focusing on one of the most critical practical topics: Journal Entries with GST. 📊🔥 If you are a Commerce student looking to master how Goods and Services Tax impacts daily business accounting and score full marks in your exams, this lecture breaks down the rules with clear textbook examples. What you will learn in this video: • 📌 Basics of GST in Accounting: Understand the difference between Input GST (paid on purchases) and Output GST (collected on sales). • 📌 Intra-State vs. Inter-State: Learn when to pass entries for CGST & SGST vs. when to apply IGST. • 📌 Passing Journal Entries: Step-by-step guidance on recording ledger entries for buying, selling, returns, and expenses with GST additions. • 📌 Set-Off Rules: A simple conceptual look at how Input Tax Credit (ITC) is balanced against Output Tax liabilities. Make sure to grab your notebook, keep your format scales ready, and set yourself up for absolute clarity! 🔔 Subscribe to HS Patwal Mentorship for structured, conceptual lectures. 👍 Like the video if this helped clear your basics. 💬 Comment below: Do you find calculating Input GST or Output GST more confusing? #HSPatwalMentorship #Class11Accountancy #JournalEntriesWithGST #GSTAccounting #CommerceClass11 #accountancybasics BY HIMANSHU SINGH PATWAL