Currently the ledger posting for Reverse GST invoices happens to the regular Input GST and Output GST ledgers. It is important and easier for GST compliance purposes if the ledgers for Reverse GST are separate.
Reason : As per GST compliance we cant use Input of RCM of same month against same month Output liability and Output Liability of RCM required to pay in cash. Many transactions are booked as RCM so we are facing too much difficulties for tracking.
Anshul Goenka
Reason : As per GST compliance we cant use Input of RCM of same month against same month Output liability and Output Liability of RCM required to pay in cash. Many transactions are booked as RCM so we are facing too much difficulties for tracking.
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