Reverse charge method if eligible how to pass entries in books of accounts

Reverse charge method if eligible how to pass entries in books of accounts https://www.taxtmi.com/forum/issue?id=4409 Recipients under the reverse charge must record purchases with tax separated, transfer any shared reverse charge tax to a reverse charge input account, and reclassify that amount to the general input tax account when availing cenvat credit, subject to eligibility of the service as an input service under the Cenvat Credit Rules and notification conditions governing which services attract reverse charge. en-us Mon, 23 Jul 2012 12:04:07 +0530 Thu, 23 Jan 2025 15:57:58 +0530 TaxTMI RSS Generator Reverse charge method if eligible how to pass entries in books of accounts https://www.taxtmi.com/forum/issue?id=4409 Recipients under the reverse charge must record purchases with tax separated, transfer any shared reverse charge tax to a reverse charge input account, and reclassify that amount to the general input tax account when availing cenvat credit, subject to eligibility of the service as an input service under the Cenvat Credit Rules and notification conditions governing which services attract reverse charge. Discussion-Forum Service Tax Mon, 23 Jul 2012 12:04:07 +0530 https://www.taxtmi.com/forum/issue?id=4409