Reverse charge Mechanism GST Entries Regarding: What are the ledgers create & head, under which subhead
Reverse charge Mechanism GST Entries Regarding
manojkumar (nil) (34 Points)
11 July 2021
1 Replies
Chandana
(Ca article)
(16 Points)
Replied 11 July 2021
Purchase/expense a/c dr
cgst rcm input dr
sgst rcm input dr
To cgst rcm payable
To sgst rcm payable
To party / bank a/c
payable ledgers - current liabilities
input ledgers - current assets
cgst rcm input dr
sgst rcm input dr
To cgst rcm payable
To sgst rcm payable
To party / bank a/c
payable ledgers - current liabilities
input ledgers - current assets
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