Transport agency accounting entry in purchase &sales entry

This discussion clarifies the accounting entries for transport agencies, specifically for purchase and sales transactions. It outlines the standard debit and credit entries for purchases and sales, noting that transport service charges fall under sales. The post also highlights the crucial aspect of Goods Transport Agency (GTA) services, explaining that GST payable under Reverse Charge Mechanism (RCM) by the service recipient requires a specific RCM entry.