Entry for Reverse charge Inward supplies
This query is : Open
ganesh chowdary
(Querist)
10 August 2017
pls let me know the accounting entries for purchase made from unregistered dealer
CA Suresh Jain
(Expert)
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
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