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reverse charge GTA
when supplier given reverse on gst charge on transport but when he received input against that reverse charge what is the journal entry pass?
Replies (3)
provision for RCM
Input on RCM. a/c. ....Dr
To RCM Payable.... Cr.
Payment on RCM
RCM Payable A/c.... Dr
To Bank /cash .......Cr
Input on RCM. a/c. ....Dr
To RCM Payable.... Cr.
Payment on RCM
RCM Payable A/c.... Dr
To Bank /cash .......Cr
RCM Payable that amount GST give input .i.e. when RCM PAYABLE REFUND BY GST THEN JOURNAL ENTRY
plz CHK the 1 entry , input avail on RCM
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