Rcm entry

This discussion explains how to handle RCM (Reverse Charge Mechanism) freight entries when the consignee is responsible for the freight payment. It clarifies that the receiver of goods is treated as the recipient of the transportation service. The correct accounting entries for RCM input tax credit and RCM payable are provided, along with guidance on reporting in GSTR 3B tables and the classification of RCM payable under current liabilities.