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
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RCM TAX PAID ACCOUNTING
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 .
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
how to make that account entry
@ Sekar Rangasamy.,
You have paid to bank or Your payment is through bank??
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...?
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...
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