22 June 2022
We are the public limited company and also registered as factory under factories act. One of our transporter wrongly charged GST at 5% in their freight in few bills. As we are the specified person and recipient of services, we are supposed to pay GST on freight under RCM. We have informed to the concerned transporter now he has stopped to charge GST.
We have not taken GST credit for freight which was wrongly charged by the transporter in few bills and it was accounted as expenses . On going through the GSTR 2 A , we observe that GST credit is reflected against our RC as credit for forward charge.
We request expert opinion whether we can avail the credit reflected in GSTR 2 A for the above
23 June 2022
Yes, you can take input credit of freight payments. However, you also have to discharge the tax under RCM and take credit of the same after payment.
24 June 2022
You can either treat it as expenses or you can take ITC by transferring from expenses ledger to Credit ledger in you books and take the same in GSTR 3B as reflected in GSTR 2A/2B.
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