Easy Office
LCI Learning

RCM and Transporter's bill with ITC

This query is : Resolved 

18 May 2023 One bill has been raised by Transporter in my name as below:
12% Purchases 100000
6% SGST output 6000
6% CGST output 6000

How to pass the above entry in tally ? I have to pay RCM on the freight charges 5%.

19 May 2023 No need to pay RCM on freight charges as 12% GST already charged.
Debit freight charges 1 lac
Debit GST paid for which ITC to be claimed 12000.
Credit bank account 1,12,000.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link

Similar Resolved Queries


Unanswered Queries

Answer Query