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Frieght payable and vehicle charges payable

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73 Points Joined July 2017
goods are dispatched from Daman before 31.3.22 and arrived at Kolkata after 1.4.22 but freight is paid after 31.3.22 and the vehicle charges, then is it essential to pass entry for frieght and vehicle charges in books for 21-22
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On 03 June 2022 at 19:06 Report
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3145 Points Joined November 2020
Could you please reply my query in forum @ MPR Sanjay Kumar
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On 03 June 2022 at 19:41
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73 Points Joined July 2017
Yesterday query was for fright payable but couldn't ellaborste in right way please excuse
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On 03 June 2022 at 20:02
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3145 Points Joined November 2020
Plse verify it is correct or not


I purchased Rs 10,000 worth of goods in Tally books entry having with To and by describes

eg:By Purchase a/c Dr

To Cash a/c

2). I made sales RS 5000

By cash a/c Dr

To sales a/c cr
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On 03 June 2022 at 20:47
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GST Practitioner & Accounts
15083 Points Joined March 2014

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 

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On 03 June 2022 at 20:54
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73 Points Joined July 2017
As frieght paid in 22-23 attracts RCM, then how to pass entry.
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On 03 June 2022 at 21:15
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Profession Business
28196 Points Joined May 2017
Why freight paid attracts rcm ? does It violate the cgst rules as mentioned therein?
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On 04 June 2022 at 11:43
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Chartered Accountant
5010 Points Joined March 2020

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. 

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On 04 June 2022 at 12:15

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