TaxTMI 
TaxTMI 
if Registered person made Self invoice for Rcm expenses. is it shown in debtor side in balance sheet. if no then how to do entry in books of account. if rp paid gst 18000 as reverse charge on pur of 100000. then he issued self invoice of rs.100000+gst 18000. Then how to show in books of account. sales+self invoice. then how to show in balance sheet...
self invoice for rcm
16 Aug 2017 
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Reverse charge mechanism: treat recipient self invoices as purchases, not sales, and use RCM receivable/payable ledgers.
Reverse charge mechanism requires recipients to treat self invoices as purchases from unregistered suppliers, not sales or debtors. Book the purchase/expense and record the tax by debiting RCM Receivable (current asset) and crediting RCM Payable (current liability) for the relevant tax heads. On discharge of the tax liability clear RCM Payable and adjust RCM Receivable against GST liability. Consolidated offline self invoices may be used and RCM reporting in GSTR 3B can substitute separate self invoice in some views. (AI Summary)
Reverse charge mechanism requires recipients to treat self invoices as purchases from unregistered suppliers, not sales or debtors. Book the purchase/expense and record the tax by debiting RCM Receivable (current asset) and crediting RCM Payable (current liability) for the relevant tax heads. On discharge of the tax liability clear RCM Payable and adjust RCM Receivable against GST liability. Consolidated offline self invoices may be used and RCM reporting in GSTR 3B can substitute separate self invoice in some views. (AI Summary)