RCM and Transporter's bill with ITC
This query is : Resolved
Mahabir Prasad Agarwal
(Querist)
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%.
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%.
CA R SEETHARAMAN
(Expert)
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.
Debit freight charges 1 lac
Debit GST paid for which ITC to be claimed 12000.
Credit bank account 1,12,000.
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