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Reverse charge entry in tally

Others 662 views 4 replies
Hi am paying transporting charges inward for which reverse charge @ 5 % is applicable. Please let me know jounal entries to be made in tally
Replies (4)
Transport Charges A/c Dr
To Transporter

Transporter A/c Dr
To Bank

GST under RCM A/c
To Bank
Gst under rcm to be separately charged.
Query is about RCM on inward supply and not about sale
Rcm does not define under any ACT.


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