RCM payable Ledger

126 views
User Avatar

629 Points Posted on 06 April 2021
Sir,

in books of account as on 31.03 RCM need to pay so suggest in tally can I create the ledger RCM Payable or GST payable.
0 Reply Share Follow
On 06 April 2021 at 19:20 Report
Replies (2)
Quick Summary
This discussion explores how to set up a ledger for Reverse Charge Mechanism (RCM) payments in Tally accounting software. It suggests creating an 'RCM Payable' ledger or using a 'GST Payable' ledger, depending on user preference and accounting comfort. The primary goal is to ensure accurate recording of RCM liabilities by the financial year-end.

User Avatar

309 Points Posted on 06 April 2021
Any ledger account would be appropriate according to your comfort
1 Reply
On 06 April 2021 at 20:44
User Avatar

629 Points Posted on 06 April 2021
Thank you
Reply
On 06 April 2021 at 21:18

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Car purchase to be eligible for ITC
  2. GST Refund on payment to builder
  3. TDS u/s 194Q on electricity supply by DHBVN etc.
  4. Subject: Can I Apply for Fresh GST Registration on
  5. Additional place in GST RC
  6. Company 3 months old, INC-20A not filed, all 3 of
  7. How do I choose the Best GST Lawyers in New Delhi
  8. Loss on sale of residential flat after indexing al
  9. Short Deduction
  10. Large mismatch between AIS Business Receipts and G

More recent discussions | Post

Related Topics :

Loading