Reverse charge on expenses accounting entries

Hi

plz help me for making accounting entries regarding reverse charge paid on URD purchases/expenses.

-Sameer
Replies (5)
Originally posted by : Sameer
Hiplz help me for making accounting entries regarding reverse charge paid on URD purchases/expenses.-Sameer

Purchase/Expenses------------------------------------Dr. XXX IGST/CGST/SGST recoverable RCM @ _%------Dr. XXX To Suppliers XXX To IGST/CGST/SGST payble RCM @ _% XXX

Purchase/Expenses---------------------------------------Dr.     XXX

IGST/CGST/SGST recoverable RCM @ _%------Dr.     XXX

                 To Suppliers                                           XXX

                 To IGST/CGST/SGST payble RCM @ _% XXX

Purchase/Expenses--------------------------------------------Dr. XXX IGST/CGST/SGST recoverable RCM @ _%-------------Dr. XXX To Suppliers XXX To IGST/CGST/SGST payble RCM @ _% XXX
Thanks a lot sir for valuable info !! :)
YOUR WELCOME @ SAMEER

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