Carriage inward Accounting entries
This query is : Resolved
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
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
Accounting entries for freight charges Consignment party with GST registered party and unregistered Consignment party.
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
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
Message likes :
1 times
08 August 2017
thanks sir
08 August 2017
you are most welcome......
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
