1.   Suppose Freight Charges Paid to Ajay Transports 10000

Entry

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2.   Suppose Freight Charges Paid to Ajay Transports 10000

ST Reverse Charge also applicable (ST RATE =15%*30%=4.5%)

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3.  Suppose Freight Charges Paid to Ajay Transports 10000

ST Reverse Charge also applicable (ST RATE =15%*30%=4.5%)

TDS ALSO APPLICABLE 2% OF 10000=200

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  1. Learn more about TDS in freight .
  2. Learn more about Reverse charge on freight
  3. Learn more about Entries of Reverse charge on freight

 

 

  1. Accounts and Finance
  2. Accounts with Taxes

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CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .