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resilient-tech / india-compliance

Simple, yet powerful compliance solutions for Indian businesses
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Default RCM Taxes Setting Issue #2044

Closed BHAGYASHRIMHASKE closed 1 month ago

BHAGYASHRIMHASKE commented 1 month ago

Information about bug

In default RCM Taxes there is issue system showing Input GL Debit & Input RCM GL Credit. How its accounting effect correct?

As RCM Input Tax setup we required Input RCM GL Debit & Output RCM GL Credit. If we go through current setting its going wrong GL effect. We are trying to changing GST setting GL but its not allow to add multiple RCM GL

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Also showing Input RCM GL in Liabilities side

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Version

ERPNext: v15.20.3 Frappe Framework: v15.22.0 India Compliance: v15.7.2 Payments: v0.0.1

Relevant log output / Stack trace / Full Error Message.

No response

Code of Conduct

vorasmit commented 1 month ago

Hi,

RCM account is credit balance, as it's the liability of business to pay to government. Whereas, Input is asset hence debit balance. You can change the grouping of account easily if required by editing chart of accounts for existing account. (if your CA suggests this to be dealt with differently)

vorasmit commented 1 month ago

Hi,

You may comment here as well instead of creating the new issue. It's as easy as changing parent account and the grouping can be changed.

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BHAGYASHRIMHASKE commented 4 weeks ago

Hi @vorasmit as you said I have changed Parent Account and set taxes as per Our CA required i.e Input RCM Tax Debit & Output RCM Tax Credit but system doesn't allow both GL in RCM Taxes & also in GST Setting multiple RCM GL not allow. So can you help us how we can convey to client and setup RCM tax??