Accounting entries under RCM for GST
This query is : Resolved
25 July 2017
what should be accounting entries under RCM for GST. and when I will take the Input Credit it.....
Amol S Joglekar
(Expert)
25 July 2017
same as that of other regular entries of output and input credit.
However, it is customary to open one more account named and styled as GST paid under RCM and debiting the same while paying GST and crediting the same while taking ITC (Set off in re GST language)
However, it is customary to open one more account named and styled as GST paid under RCM and debiting the same while paying GST and crediting the same while taking ITC (Set off in re GST language)
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