07 August 2017
suppose receive carriage inward or freight charges from unregistered dealer for RS.3000 what is the accounting entry in tally under GST and same we received from registered dealer what will be accounting entry
08 August 2017
Receive carriage inward???? is it reimbursed or what? In that case you can debit Cash/Bank as the case may be and Credit Carriage Inward
08 August 2017
Sir freight charges/carriage inward bill from consignment party.It is a Textile company receive bundles from party.my doubt is suppose it is registered gst consgn pary
08 August 2017
The distinction be made if GST is levied on freight charges by the Input supplier. If yes, then you can debit purchase debit freight charges debit input gst credit input supplier If NO, debit freight charges credit input supplier followed by the entry for RCM, if any debit Input Gst credit RCM payable and then at the time of payment debit RCM payable credit cash/bank as the case may be
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