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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                    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 NameUnder GroupParty StateType of Dealer
1.M/s Raj & Aman AssociationSundry CreditorDelhiUn-registered
2.M/s Novel Security ServiceSundry CreditorDelhiUn-registered
3.M/s Ambey Tempo TransportSundry CreditorUttar PradeshUn-registered
  • For Create New Expenses Ledger Use this Table.
S.No.Ledger NameUnder GroupGST TypeTax CategoryHSN/SAC CodeITC EligibilityRev. Charge
1.Legal ChargesIndirect Exp.GST Appl.Services 18%998212Input ServicesCompulsory
2.Security Service ChargesIndirect Exp.GST Appl.Services 18%998525Input ServicesCompulsory
3.Transport ChargesIndirect Exp.GST Appl.Services 5 %8704Input ServicesCompulsory
  • Create New Ledger for GST Payment.
S.No.Ledger NameUnder GroupTax Type
1.GST Payable on RCMDuties & Taxes/Current LiabilitiesOthers


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