https://www.taxtmi.com/forum/issue?id=112615 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. en-us Wed, 16 Aug 2017 23:27:55 +0530 Thu, 23 Jan 2025 15:55:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112615 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. Discussion-Forum GST Wed, 16 Aug 2017 23:27:55 +0530 https://www.taxtmi.com/forum/issue?id=112615