Gst Rcm Sale Adjustment Entries

watch_later 3 months ago

Dear Sir/madam,

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


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??

  • chatComments

No answers yet, if you know the answer help us.

Did Not get Answer?

Join the largest Taxation Q&A platform on internet and ASK YOUR OWN question.

Ask your Question

You need to be logged in to answer.

Ask Question