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Learn Reverse Charge in GST Tally ERP 9 Release Prime; learn accounting entry for gst reverse charge mechanism. Reverse charge on purchase from unregistered dealer in GST accounting entries. How to apply RCM in GST Prime under section 9 (4); learn GST Reverse charge entries in Tally for purchase from unregistered dealer (URD) under section 9(4) of GST Act. Learn how to enable reverse charge in tally. In this video tutorial we learn Reverse Charges entries under section 9(3) for transportation charges for GTA and also discuss Reverse charge applicable on Import of services. Learn how to pass reverse charge adjustment entries to increase tax liability and how to pass adjustment entries to increase input tax credit (ITC) in balance sheet. Learn all about gst rcm entry in tally.

If your business needs to avail input credit using reverse charge mechanism, you will find it delightfully useful and flexible to take credit on reverse charges in current or future periods. If you wish to keep track of total liability towards reverse charges or input credit availed, you can easily do so now with the new report, "Input Credit to be booked" in GSTR 3-B.

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