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GST & IT Buddies GST & IT BUDDIES is a company with experience in Accounting, Taxation & Business Registration.

GST & IT BUDDIES is a company with experience in Accounting, Taxation & Registration, that also caters to all other financial requirements. We have helped over 5000+ clients with their tax filing processes and are still counting, along with providing consultation to small, mid, and high-level companies. GST & IT BUDDIES possesses the intelligence to crack the ideal solution for your fiscal needs and create an apt plan that results in monetary optimization. In simple words, we take care of all your financial hassles so you get enough time to focus on your primary goals.

📘 **GST Journal Entries Made Easy!**Confused about **Input GST, Output GST, CGST & SGST** in journal entries? This simpl...
25/09/2026

📘 **GST Journal Entries Made Easy!**

Confused about **Input GST, Output GST, CGST & SGST** in journal entries? This simple guide breaks down GST accounting with practical examples and clear debit-credit treatment. 🧾✨

Save this post for your accounting revision and use it as a quick reference while preparing GST journal entries.

🔹 Purchase Entries
🔹 Sales Entries
🔹 Input & Output GST
🔹 Expense Entries
🔹 Debit & Credit Treatment

💡 **Save • Share • Follow** for more Accounting, GST & Tax tips!

📊 **40+ Common Expenses in Accounting — Know Them All!**From rent, salaries, electricity, and travel to audit fees, depr...
24/09/2026

📊 **40+ Common Expenses in Accounting — Know Them All!**

From rent, salaries, electricity, and travel to audit fees, depreciation, bank charges, and bad debts — proper expense classification is essential for accurate accounting and better financial decisions.

💡 **Save this post for quick accounting revision!**

📚 **Master the Basics of Accounting with a Chart of Accounts!**A well-organized **Chart of Accounts (COA)** helps busine...
24/09/2026

📚 **Master the Basics of Accounting with a Chart of Accounts!**

A well-organized **Chart of Accounts (COA)** helps businesses classify transactions and keep financial records clear and accurate. From **Assets & Liabilities** to **Income, Expenses, Purchases, Sales & Tax Accounts**, every category has a role in effective bookkeeping. 💼📊
✅ Better record-keeping
✅ Easier financial reporting
✅ Clearer transaction tracking
✅ Improved accounting accuracy
💡 **Remember:**
Save this post for your accounting revision and share it with someone learning bookkeeping! 📌

# # # 📊 Sales Entry & Sales Return Entry with GSTConfused about the **accounting entries for sales and sales returns wi...
23/09/2026

# # # 📊 Sales Entry & Sales Return Entry with GST

Confused about the **accounting entries for sales and sales returns with GST?** Here’s a simple breakdown! 👇

🔹 **Sales Entry:** Customer A/c is debited, while Sales, CGST & SGST A/c are credited.
🔹 **Sales Return:** Sales Return A/c and GST accounts are debited, while Customer A/c is credited.
🔹 A **sales return is generally recorded through a credit note**, subject to the applicable GST provisions.

📌 Save this post for your accounting reference and share it with someone learning GST accounting!

👉 **Follow GST & IT Buddies** for more simple GST, Tax & Accounting tips.

23/09/2026

# # # 📢 RCM vs FCM: GST mein tax kaun pay karta hai?

GST mein **FCM (Forward Charge Mechanism)** aur **RCM (Reverse Charge Mechanism)** ka basic difference samajhna bahut important hai. 👇

🔹 **FCM:** Supplier GST charge karta hai aur generally supplier hi GST pay karta hai.
🔹 **RCM:** Specified cases mein GST pay karne ki responsibility **recipient** par shift ho jaati hai.

📌 Lekin **RCM har transaction par applicable nahi hota** — sirf GST law mein specified supplies/cases mein hi apply hota hai.
👉 Aise hi simple GST & Tax explainers ke liye **GST & IT Buddies ko Follow karein!**

📚 Modern Rules of Accounting — Made Simple!Confused about Debit & Credit? Here’s a quick visual guide to help you rememb...
23/09/2026

📚 Modern Rules of Accounting — Made Simple!
Confused about Debit & Credit? Here’s a quick visual guide to help you remember the rules for all 5 major account types:
✅ Assets → Debit increase
✅ Liabilities → Credit increase
✅ Capital → Credit increase
✅ Income → Credit increase
✅ Expenses → Debit increase
🧠 Remember ALICE:
A – Assets | L – Liabilities | I – Income | C – Capital | E – Expenses
📌 Plus, follow the 4-step journalising process to record transactions correctly.
💡 Save this post for your accounting revision and share it with someone learning bookkeeping!

📢 **GST Forms A to Z — Simplified! 🧾**Did you know the GST portal has **200+ forms**, but you don’t need to memorize eve...
22/09/2026

📢 **GST Forms A to Z — Simplified! 🧾**

Did you know the GST portal has **200+ forms**, but you don’t need to memorize every single one? 😯

Understanding the major **GST form families** can make compliance much easier. From **Registration (REG)** and **Returns (GSTR)** to **Demand & Recovery (DRC)**, each form serves a specific purpose.

⚠️ **Remember:** Missing the correct GST form or its applicable deadline can create unnecessary compliance issues.

💡 Save this post as your **GST Forms quick reference** and share it with someone who handles GST compliance!

📌 **Follow for more GST, taxation & accounting updates.**

# # # 📊 Chart of Accounts: A Simple Guide for Better BookkeepingA **Chart of Accounts (COA)** organizes a business’s fi...
22/09/2026

# # # 📊 Chart of Accounts: A Simple Guide for Better Bookkeeping

A **Chart of Accounts (COA)** organizes a business’s financial transactions into clear categories. It helps you understand where money comes from, where it goes, and what the business owns or owes.

**Key categories include:**
🔹 Assets
🔹 Liabilities
🔹 Equity
🔹 Revenue / Income
🔹 Expenses

A well-structured COA makes **bookkeeping, financial reporting, reconciliation, and decision-making** easier.

📌 **Save this post** for a quick accounting reference!



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📚 **7 Types of Journal Entries Every Accounting Student Should Know!**From **Opening & Operating Entries** to **Adjustin...
21/09/2026

📚 **7 Types of Journal Entries Every Accounting Student Should Know!**

From **Opening & Operating Entries** to **Adjusting, Correcting, Compound, Closing, and Reversing Entries** — this quick guide covers the basics with simple examples. 🧾📊

Save this post for quick revision and share it with your fellow commerce & accounting students! 💡

📚✨ **10 IMPORTANT ACCOUNTING JOURNAL ENTRIES EVERY BEGINNER SHOULD KNOW!** ✨📚Mastering journal entries is the first step...
19/09/2026

📚✨ **10 IMPORTANT ACCOUNTING JOURNAL ENTRIES EVERY BEGINNER SHOULD KNOW!** ✨📚

Mastering journal entries is the first step toward building a **strong accounting foundation**. 🧾💯

From ** Purchases & Sales** to **Salary, Interest, Depreciation, Prepaid Expenses & Closing Stock** — understanding the right **Debit & Credit** treatment makes accounting much easier! 📊

💡 **Remember:**
**“Strong concepts today → Confident accounting tomorrow.”**

Save this post 📌 and practice these entries regularly to improve your accounting skills!

🔖 **SAVE • SHARE • PRACTICE • LEARN**

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S-68A, Ganga Vihar Enclave, Near VIT College, Jagatpura
Jaipur
302017

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Wednesday 10am - 6pm
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