Category: gst accounting entry for reverse charge mechanism

GST ACCOUTING FOR BUSINESS

Reverse Charge Mechanism and Its Accounting Treatment In GST…

RCM ADJUSTMENT ENTRIES IN GST  Reverse charging mechanism is a procedural way of discharging tax liabilities and formalities by buyer of services or goods or both instead of seller.The RCM adjustment entries are discussed below. For example, a transaction will be considered as reverse charge if tax is payable by buyer instead of seller. GST reverse charging […]

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