About self invoicing under rcm

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Praveen (Querist)
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19 September 2017 Respected Experts ,
Is it mandatory to raise self invoice for purchase from unregistered dealers ? Can we make RCM provision through journal voucher entry. Please guide.
Thanks

Chhatra Singh Dugar

Chhatra Singh Dugar (Expert)
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19 September 2017 Under provisions of GST Act you have to raise invoices for URD purchases. That is not a big issue. If you have any RCM obligation you need to pay it first in cash. Then you may avail ITC. You can not adjust RCM against ITC and pass a journal entry in your books.

Praveen

Praveen (Querist)
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19 September 2017 @Chhatra Singh ji, Thanks for your valuable reply. Kindly note that presently i am going RCM entry through JV suppose i have purchased some goods from unregistered dealer of Rs.10000/- my entry in book is as under .
Purchase Unregistered a/c Dr 10000/-
Input SGST- RCM Dr 900/-
Input CGST-RCM Dr 900/-
Cash /Bank A/c Cr 10000/-
SGST Payable-RCM Cr 900/-
CGST Payable-RCM Cr 900/-
Is it correct entry or not ? how to raise self invoice . Our ERP is not allowing to raise invoice for self please guide.
Thanks & Regards

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