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
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