R.C.M (Reverse Charge Mechanism) Entry In Busy
M/s Home Ways House Holds
Plot No. 78/2, Wazirpur Industrial Area,
New Delhi-52
GSTIN: 07AAHPK9998E1Z3
1. On 01 June, 2020 M/s Home Ways House Holds Received of Service Legal Charges of Amount 25000/- from ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย M/s Raj & Aman Association and paid @18% GST on RCM bases (2250/- CGST & 2250/- SGST)
2. On 02 June, 2020 M/s Home Ways House Holds Received of Security Guard Service of Amount 35000/- from M/s Novel Security Service and paid @ 18% GST on RCM bases. (3150/- CGST & 3150/- SGST)
3. On 03 June, 2020 M/s Home Ways House Holds Received of Transport Service of Amount 45000/- from M/s Ambey Tempo Transport and paid @ 5% GST on RCM bases. (2250/- IGST)
4. On 19 June, 2020 M/s Home Ways House Holds paid rupees 13050/-(CGST-5400/-, SGST-5400/- and IGST-2250) for GST RCM payment by ICICI Bank A/c.
- For Create New Party Ledger Use this Table.
| S.No. | Party Name | Under Group | Party State | Type of Dealer |
| 1. | M/s Raj & Aman Association | Sundry Creditor | Delhi | Un-registered |
| 2. | M/s Novel Security Service | Sundry Creditor | Delhi | Un-registered |
| 3. | M/s Ambey Tempo Transport | Sundry Creditor | Uttar Pradesh | Un-registered |
- For Create New Expenses Ledger Use this Table.
| S.No. | Ledger Name | Under Group | GST Type | Tax Category | HSN/SAC Code | ITC Eligibility | Rev. Charge |
| 1. | Legal Charges | Indirect Exp. | GST Appl. | Services 18% | 998212 | Input Services | Compulsory |
| 2. | Security Service Charges | Indirect Exp. | GST Appl. | Services 18% | 998525 | Input Services | Compulsory |
| 3. | Transport Charges | Indirect Exp. | GST Appl. | Services 5 % | 8704 | Input Services | Compulsory |
- Create New Ledger for GST Payment.
| S.No. | Ledger Name | Under Group | Tax Type |
| 1. | GST Payable on RCM | Duties & Taxes/Current Liabilities | Others |