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RCM tax liability

RCM 210 views 2 replies
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4 Points Posted on 26 August 2017
sir if I purchase goods from URD dealer rs.2000 18 / tax cgst 9 and sgst 9 entry is made in purchase.what entry made for when tax liability for urd and input tax credit taken for urd.
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On 26 August 2017 at 19:44 Report
Replies (2)
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Chartered Accountant
79 Points Posted on 27 August 2017
Journal Entries :-
Purchases a/c Dr.2000
To URD. 2000

CGST Credit -URD a/c Dr.180
SGST Credit -URD a/c. Dr.180
To CGST Payable. 180
To SGST Payable. 180
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On 27 August 2017 at 13:34
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Chartered Accountant
79 Points Posted on 27 August 2017
Journal Entries :-
Purchases a/c Dr.2000
To URD. 2000

CGST Credit -URD a/c Dr.180
SGST Credit -URD a/c. Dr.180
To CGST Payable. 180
To SGST Payable. 180
Reply
On 27 August 2017 at 13:37


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