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
Under gst I received a bill of rs. 100/- and gst paid 5% means I paid total rs. 105. Question is if I sale that item adding profit rs 20/- than what is my bill amount. e.g a) sale amount rs. 131.25 or b) sale amount rs. 126/-.
Sir Jab ham kisi bank transaction ki pass book se tally me entry Kate h tab us pass book me kai entry milti h Jess cash deposit,cash withdraw,intrest paid/ received,cheque transfer,etc.
Please mughe bataia ki is difference transaction ki entry kiss- kiss voucher me hogi Please suggest me. Thanks
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