Entry for Reverse charge Inward supplies
This query is : Open
10 August 2017
pls let me know the accounting entries for purchase made from unregistered dealer
10 August 2017
On Purchase (Assuming GST rate 18%)
URD Purchase Dr. 100
CGST (RCM) Credit on Hold Dr. 9
SGST (RCM) Credit on Hold Dr. 9
To Cash/Bank/Supplier 100
To CGST (RCM) Payable 9
To SGST (RCM) Payable 9
N Jain
group.blr@gmail.com
URD Purchase Dr. 100
CGST (RCM) Credit on Hold Dr. 9
SGST (RCM) Credit on Hold Dr. 9
To Cash/Bank/Supplier 100
To CGST (RCM) Payable 9
To SGST (RCM) Payable 9
N Jain
group.blr@gmail.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
