Naveen Kumar (629 Points)
03 November 2020
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 03 November 2020
ayusmita
(Tax consultant)
(5885 Points)
Replied 03 November 2020
Pankaj Rawat
(GST Practitioner)
(55032 Points)
Replied 04 November 2020
Sateesh
(Tax Consultant)
(45 Points)
Replied 04 November 2020
prasad Nilugal
( GST Practitioner & Accounts )
(14165 Points)
Replied 04 November 2020
RCM entries as follows
1) Legal Expense A/c Dr
To Consultant Advocate A/c Cr
( Being Expense payable )
2) Reverse Charge A/c Dr
CGST A/c Cr
SGST A/c Cr
( Increase liability of Tax )
3) CGST A/c Dr
SGST A/c Dr
To Bank A/c Cr
( payment of Tax , RCM )
4) CGST A/c Dr
SGST A/c Dr
To Reverse Charge A/c Cr
( Entry to avail ITC entry )
5) Consultant Advocate A/c Dr
To Bank A/c Cr
( Payment to Advocate )
Reverse Charges A/c current Assets side
Pankaj Rawat
(GST Practitioner)
(55032 Points)
Replied 09 November 2020
Dear Parsad hi
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