Category: gst accounting entry for reverse charge mechanism

gstregistration

GST Relief for Taxpayers from High Court

Posted by Gst, gst accounting entry for reverse charge mechanism, GST NEW RETURN, GST PORTAL, GST REGISTRATION, GST RETURNS

Coming down hard on the indirect tax department the Allahabad High Court said the tax department harassed a taxpayer by cancelling his registration and slapped a fine of Rs 10,000. The high court also revoked the cancellation of registration of the taxpayer on account of “non filing of Goods and Services Tax (GST) returns for […]

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GST ACCOUTING FOR BUSINESS

Reverse Charge Mechanism and Its Accounting Treatment In GST…

Posted by accounting entry for gst reverse charge mechanism, acounting entries for rcm in gst, gst accounting entry for reverse charge mechanism, gst reverse charge accounting entries, rcm accounting entries 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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