Gst Rcm Sale Adjustment Entries


ABHIJIT KARMAKAR
watch_later 4 weeks, 1 day ago

Dear Sir/madam,

                        What will be adjustment entries when goods sold under GST RCM ?

M/S KARMAKAR & ASSOCIATES

ABC Co A/c.....1,000/- Dr.

GST taxable A/c ....1,000/- Cr

(Goods sold under GST RCM Basis)

Bank A/c ---1000/-Dr.

ABC Co........1000/- CR.

(Received by Bank)

Q:****Is there any other addition entries or adjustment entries  for that 18% GST liability for Rs.180/- paid by registered recipient in the books of M/S KARMAKAR & ASSOCIATES??

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