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Treatment of self-invoice

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(Querist)
02 April 2018 How to treat self - invoice in GST
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Guest

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Guest (Expert)
02 April 2018 Treatment of Self-Invoice

At time of Purchase

Purchase/Expense A/c Debit
To Tax -RCM A/c Credit
To vendor A/c Credit

At time of payment

Tax-RCM A/c Debit
To Bank A/c Credit
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RAJA P M

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RAJA P M (Expert)
02 April 2018 Prepare as per Your invoice format and give the name of "SELF INVOICE" instead of Tax Invoice... And Highlight "IS REVERSE APPLICABLE - YES" Then prepare as per Your inwards value with tax amount... and enter the bills in Your books of accounts...
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