fnatic fan (4 Points)
19 November 2024How can I make an entry for the below Google invoice? The invoice mentions that "Tax for this invoice is payable under reverse charge."
Google deducted Rs. 290 from my account. So should I take Rs. 290 + 18% IGST as RCM Entry?
Also, will it come under Import of Services or Inward Supplies liale to Reverse Charge row in Table 4 of GSTR3B?
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8454 Points)
Replied 19 November 2024
Here's how you can make the entry:
2. RCM Entry: Debit GST liability (IGST) Rs. 342.20
3. Credit Bank/Cash Rs. 290 (since Google deducted this amount)
4. In Table 4 of GSTR-3B, report this under "Inward Supplies liable to Reverse Charge" row.
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8454 Points)
Replied 19 November 2024
Here's how you can make the entry:
2. RCM Entry: Debit GST liability (IGST) Rs. 342.20
3. Credit Bank/Cash Rs. 290 (since Google deducted this amount)
4. In Table 4 of GSTR-3B, report this under "Inward Supplies liable to Reverse Charge" row.
CAclubindia
