11 June 2019
we are paying GST on RCM basis of Freight charged by Transport agencies. If debit note is issued to transporter for shortage amount of material then corresponding input amount to be reversed? And so RCM liability is reduced by such gst amount on shortage?
11 June 2019
1 Yes, reverse input for shortage of material. 2 RCM liability will be reduced if only freight charges are reduced. Shortage recovery against freight will not reduce RCM liability.
CAclubindia
