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Rcm on transport freight

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 August 2017 Is there any exampt limit on reverse charge on goods freight
Is that reverse can avail ITC.
If avail then in same month or next month
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
10 August 2017 No exemption limit. ITC available in same month
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CA Suresh Jain

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CA Suresh Jain (Expert)
11 August 2017 No exemption limit
RCM to be paid in cash, no adjustment against input credit
ITC can be availed but only after payment of RCM
N. Jain
group.blr@gmail.com
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