Itc on inward & outward freight
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2017
Dear sir,
Registered Manufacturing company are eligible to take INPUT tax credit on not on freight charges (inward freight- raw material & outward freight - finished goods) paid in RCM basis
please provide the details.
Thanking You,
Registered Manufacturing company are eligible to take INPUT tax credit on not on freight charges (inward freight- raw material & outward freight - finished goods) paid in RCM basis
please provide the details.
Thanking You,
17 July 2017
ITC can be taken on freight paid under RCM.
Registered Manufacturing company are eligible to take INPUT tax credit on freight charges (inward freight- raw material & outward freight - finished goods) paid in RCM basis
Registered Manufacturing company are eligible to take INPUT tax credit on freight charges (inward freight- raw material & outward freight - finished goods) paid in RCM basis
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2017
Thank you so much sir
18 July 2017
But why in the notification prescribing rate of GST on services particularly on GTA Service i.e. 5%, No ITC mentioned ? Why it is so ?
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