Frieght payable and vehicle charges payable
Minalal Bhansali (73 Points)
03 June 2022Minalal Bhansali (73 Points)
03 June 2022
MPR Sanjay Kumar
(3145 Points)
Replied 03 June 2022
Minalal Bhansali
(73 Points)
Replied 03 June 2022
MPR Sanjay Kumar
(3145 Points)
Replied 03 June 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14916 Points)
Replied 03 June 2022
Reply to Mr Sanjay Kumar
Above entries are correct , if Cash purchase and sale using By and To
By Debiting the account and To Crediting the account
Minalal Bhansali
(73 Points)
Replied 03 June 2022
sabyasachi mukherjee
(27858 Points)
Replied 04 June 2022
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 04 June 2022
Yes, RCM will be applicable in FY 2022-23 on the freight paid.
You can take the ITC against the GST paid under the RCM.