Hi
I have few doubts related to RCM(tally )
1) I have raised the tax liability (RCM)
By journal entries as by you
I have raised journal as on 31/7/7
Voucher having date31/7/17
2) as for GSTR-3B I WILL HV TO FIRST CREATE AND pay challan for RCM and GST PAYABLE (IF ANY)
3) As I will be making payment on 17/08/17 I will pass the entry in tally on 17/08 to credit bank and debit output tax accounts
4)Then after the above entry I will pass the journal entry to debit input tax ledger and increase my ITC
Sir now my question is when can I claim the above ITC(RCM)in the return for July or the return for AUGUST
SIR PLZ CORRECT ME IF THERE IS ANYTHING WRONG IN THE ABOVE ENTRIES
