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Rcm entry on transport charges
Dear All
I have received bill from transporter Rs 24000/- ,
before GST my entry is
Transport Charges A/C Dr
Transporter A/c Cr
Tds Payble A/c Cr
but now in GST i didnt understand how to pass entry with RCM effect or also TDS till applicable ?
Please sugges
Sagar
Replies (2)
you have to Pay GST @ 5%
freight 25200 dr
tds 480 cr
transporter 23520 cr
rcm payable 1200 cr
tds 480 cr
transporter 23520 cr
rcm payable 1200 cr
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