The seller of the goods pays the frieght amount first. At later the purchaser pays back the frieght amount to the seller.
here the seller passes the entry ----
Frieght Dr 30000
To Bank 30000
when he receives the frieght amount from the purchaser, then the following entry is passed
bank dr 30000
To frieght 30000
it is abserved that there is no expense and no income. the account is nullified.
now my question is, the seller is requied to deduct tds.
if not deducted , then what is the liability