Entry for Reverse charge Inward supplies
This query is : Open
10 August 2017
pls let me know the accounting entries for purchase made from unregistered dealer
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Share accounting-->fifo - capital gain - period as per fifo?
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Article ship defecit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
