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RCM TAX PAID ACCOUNTING

Accounts 439 views 13 replies
How to enter RCM taxes paid and adjust in accounting

As RCM taxes are not actually a liability to be paid

But we have to pay and later adjust
In what ledger,we have to post and how
Replies (13)
Journal entry for RCM tax is ,
Igst a/c dr.
To igst payable
same you will do in sgst and cgst, As the RCM tax is receivable as well as payable .
how to do entry for cash paid to bank for RCM
Please explain your question
I have paid to bank,an amount for RCM component
how to make that account entry
@ Sekar Rangasamy.,
You have paid to bank or Your payment is through bank??
through bank
through bank
Just like normal exp. entry
So, You received a supply from URD then you paid the amount through bank...
Am I right...?
yes,we have CGST and SGST through Bank

Any software use for accounting purpose...?

Busy accounting software
Originally posted by : sekar rangasamy
Busy accounting software

I heared first time it....

You can try to the way....

 

Create a ledger as "RCM liability" then you ll create liabity journal...


CCI Pro

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