27 September 2017
I am having a manufacturing concern for making Wires.
I have filed the GSTR-3B for July and August and GSTR-1 for July, however without accounting for RCM Liability.
Is there a checklist for certain prevalent expense and income heads, for the purpose of calculating RCM liability. I can look into the specific cases as an exception.
A checklist shall really help.
Since, GST credit is available on receipt of goods, how de we record the transaction in acccouting software? Are there separate entries for Purchaseand availing GST Input ?
Ratnmani Jain Mo 9910028125 Ratnmani_jain@yahoo.co.in
27 September 2017
Thanks a lot Ca Rashmi for the prompt response, it will be kind of you to also answer my second query regarding GST Credit for interstate purchase.
CAclubindia
