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Hi,
GST liability under RCM need to pay immediately next month, but currently its happen that we will take credit before payment.
We need to change entry so that liabilities go to GST payable account instead of going to GST payable interim account.
However Debit entry of GST should go to GST Receivable Interim Account.
Second Step.
When we release payment of GST System should reverse GST Receivable Interim Account and transfer balance to GST receivable Account, after which we can take credit.
Please suggest
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