Rcm
This query is : Resolved
Pankaj Azad
(Querist)
02 August 2017
Dear Sir/mam
I am normal trader and purchasing goods from inter state and in purchase transportation of goods is there so how would i collect the GST and how the RCM method is apply ..
Suppose for example :-
transporter charged 20000/- as freight so what is the amount of tax and how it is calculated in RCM method ????
I am normal trader and purchasing goods from inter state and in purchase transportation of goods is there so how would i collect the GST and how the RCM method is apply ..
Suppose for example :-
transporter charged 20000/- as freight so what is the amount of tax and how it is calculated in RCM method ????
02 August 2017
apply 5% on transport charges ie 2.5% for SGST AND 2.5% FOR CGST and remit the tax you can take input credit of the same
Pankaj Azad
(Querist)
02 August 2017
what will be the journal entries
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