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Reverse charge entry

SUMIT BADYAL (709 Points)

21 July 2020

hi, freight 10500 2% tds, please tell rcm entry.

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5 Replies

annu Goyal (1102 Points)
Replied 21 July 2020

Yes, RCM will applicable in case of frieght
GST rate @ 5%

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SUMIT BADYAL (709 Points)
Replied 21 July 2020

How we post rcm enty

annu Goyal (1102 Points)
Replied 21 July 2020

In GSTR 3b
column 3.1 , there is one column available inward supply under RCM
here you have to put value with tax...
this payment, you have to pay only through Cash then take ITC for same in GSTr3b in column 4

Akshay Jain (Tax Consultant) (1024 Points)
Replied 21 July 2020

RCM 5% on freight amount

SUMIT BADYAL (709 Points)
Replied 21 July 2020

Entry, what we debit and what we credit

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