This is why you usually find stalactites and stalagmites in pairs, and sometimes they'll even grow together to form one big column. There are many limestone caves around the world famous for their displays of dripstone, including Carlsbad Caverns in New Mexico, Timpanogos Caves in Utah, Mammoth Cave in Kentucky and Jenolan Caves and Buchan Caves in Australi.
Procedure 1  : GST received from customers: 2  It is a Liability to the Government. 3  You owe it to the Government. 4  Liability is increasing. 5  Credit the GST Clearing Account. 6  GST Paid to Suppliers by your business: 7  It is an asset to you.8  Government has to pay this back to you. If the GST Account has a credit balance. 2  It is a liability. 3  Remit that amount to the Govt. 4  The GST account acts both as an Asset account or Liability account, depending on the balance.
The general rule is that GST is payable on supplies of goods and services made on or after 1 April 2015 and that sales tax and service tax do not apply to those transactions. Likewise, input tax incurred can only be claimed on acquisitions or purchases made on or after 1 April 2015.owever, if the sales tax licensees are registered for GST on 1 April 2015, there will be no liability on them to account for sales tax on such goods when the last sales tax return is submitted in his last taxable period.