Rcm entry

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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..........


CCI Pro

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