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Rcm entry
hi, how can we enter rcm freight entry?
Replies (8)
If the liability of the freight payment lies with the consignee(receiver), then the receiver of goods will be treated as receiver of transportation service.
Are you supplier or Recepeint ?????
Recipient
IN RETURN FORM
REPORT IN TABLE 3.1 (D) & TABLE 4(A)(3) OF GSTR 3B.
IN ACCOUNTS
PROVISION:
RCM INPUT DR
TO RCM PAYABLE CR
DEPOSIT :
RCM PAYABLE DR
TO BANK CR
How we enter rcm entry along with freight entry .
dear sumit badyal
FREIGHT INWARD A/C DR
RCM INPUT A/C DR
TO GTA CR
TO RCM PAYABLE CR
Rcm payable come under?
CURRENT LIABILITY..........
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