1.Entries are as simple as in other companies. Freight received would be direct income.
2.Ensure no TDS is deducted on freight received if PAN no. is provided to customer.
3.Check whether turnover is exceeding Rs.1000000 in the previous year if yes then keep in mind service tax is to be charged in every bill.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
