TREATMENT OFFREIGHT OUTWARD
I am supply my goods to other town costumer by GTA or by tempo. In that case i am paying freight to that GTA or tempo owner. My invoice content only value of goods. Doesn’t having saprate amount of freight outward.
- How should make accounting entry of that payment? ( keeping impact on both gst and income tax in mind)
2. Can i pay RCM on that freight outward and get ITC? ( same like freight inward)
or I have to pay forward gst charge on that freight outward payment
3. can i make entry in books of account as expense in P&L account?
4. can i file GSTR 3B by clubbing this freight outward with freight inward and show in point 3.1.d of inward supplies liable to pay reverse charge?