Rcm entry

hi, how can we enter rcm freight entry?
Replies (8)
Quick Summary
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.

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..........

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details