Enty
This query is : Resolved
11 August 2017
Can u explain the journal entries of reverse charge mechanism with some examples
11 August 2017
Yes sure
Ex- purchase of stationery items
Stationery A/c_Dr
Input GST under RCM _ Dr
To cash
To output GST under RCM...
Input GST for credit to be taken and output GST for liablity to be paid.
Ex- purchase of stationery items
Stationery A/c_Dr
Input GST under RCM _ Dr
To cash
To output GST under RCM...
Input GST for credit to be taken and output GST for liablity to be paid.
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