TaxTMI 
TaxTMI 
self invoice for rcm
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....elf invoice for rcm<br> Query (Issue) Started By: - pawan singhal Dated:- 16-8-2017 Last Reply Date:- 18-8-2017 Goods and Services Tax - GST<br>Got 9 Replies<br>GST<br>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 invoi....
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....ce of rs.100000+gst 18000. Then how to show in books of account. sales+self invoice. then how to show in balance sheet... Reply By THYAGARAJAN KALYANASUNDARAM: The Reply: Dear sir, This is not sales this is nothing but purchase of goods or services or both. First make the due entry and then make the payment entry in the books of accounts. Reply By pawan singhal: The Reply: But sir as per ....
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....rule in Reverse charge case party have to made self invoice. Then how to made self invoice. if we made self invoice it is entered in sales figure. and in bs debtorside reflecting.. Reply By THYAGARAJAN KALYANASUNDARAM: The Reply: Dear sir, Please forget about the supplier, when you raise the self invoice, in the customer column you have to mention your address only. Then where is the question....
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.... of showing it as debtor ledger. It is nothing but purchases from unregistered dealer. Reply By Ganeshan Kalyani: The Reply: In my view a consolidated self invoice for a particular service/ goods received in a month can be prepared offline. Reply By pawan singhal: The Reply: sir problem how to accounted for self invoice in books of accounts.. Reply By Vamsi Krishna: The Reply: No need of p....
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....osting sale invoice. While booking the unregistered/RCM entries you can debit the RCM Receivable-CGST/SGST/IGST ( Current Asset) and credit respective RCM Payable- CGST/SGST/IGST Payable ( Current Liabilities). The movement you discharge the liability your GST payable account will get nullified & then adjust your RCM Receivable GL against any GST liability. No need to book debtor in this case. ....
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....This is sale only with respect to GST but not actual. Reply By VIJAYANT DUBEY: The Reply: SIR, IN CASE OF RCM WHAT IS THE RESPONSBILITY OF SERVICE PROVIDER IN RELATION OF RETURNS AND INNVOICE Reply By Kishan Barai: The Reply: Self invoice is not required, you can show RCM on GST 3B form Reply By VIJAYANT DUBEY: The Reply: SIR LET ME EXPLAIN MY QUERI WITH AN EXAMPLE MR.A IS A LABOUR CONTRACT....
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....OR AND SUPPLY LABOUR TO L&T LTD. FOR A CIVIL CONSTRUCTION , HE IS REGISTERD UNDER GST AS CIVIL CONTERCTOR , L&T LTD. SAYS THAT I AM PAID YOUR GST LIBILITY TO IS CASE ME MR A KI KOI LIBILITY NI BNTI FIR KYA MR A KO RETURN FILE KRNA HOGA ??<br> Discussion Forum - Knowledge Sharing ....