RCM Output Tax Ledger

[nakul80]

Is your feature request related to a problem? Please describe.

As per recommended practice for RCM for Supplier invoice:-

Example of Accounting treatment under GST

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Professional service of Rs. 1,00,000/-from XYZ & Co.who is covered under RCM under sec 9(3):-

Dated : 10/07/2019

	Professional fee A/C Dr.		1,00,000/-
	CGST – Input Tax RCM Dr.		9000/-
	SGST – Input Tax RCM Dr.		9000/-
	To CGST – Output Tax – RCM			9000/-
	To SGST – Output tax – RCM			9000/-
	To TDS on professional fee			10000/-
	To XYZ & Co.			90000/-

On Payment – Dated 20/08/2019

	CGST – Output Tax – RCM Dr.		9000/-
	SGST – OutputTax – RCM Dr		9000/-
	To Bank			18000/-

Read more at: https://taxguru.in/goods-and-service-tax/accounting-treatment-reverse-charge-mechanism-rcm-gst.html

Is this possible as I only see options for RCM input in chart of accounts and automatic method on selecting RCM in invoice has the following effect:-

Describe the solution you'd like

If I modify the Purchase tax template for RCM, will it affect my filing and other activities for GST that are built into the system?

Describe alternatives you've considered

No response

Additional context

No response

_{Huly®: IC-2619}

[vorasmit]

We'll very soon update the accounting practice that you can have in place to match this accounts with GST