14 July 2017
Dear Sir , we are a company, we are receiving services from GTA . As we know , we have to pay GST on such service in reverse charge @ 5% with No ITC. Now my question is :- 1) whether we have to issue an invoice to the GTA against payment of GST in reverse charge ? 2) If,yes , how should be the format of such invoice and how many copies of that we have to prepare?
15 July 2017
If your company is receiving GTA services then the GTA Agent will give you consignment note or LR based on which you have to pay GST on RCM @ 5% and ITC on the same can be claimed. If you are not receiving any Consignment Note or Lorry Receipt then you have to pay GST on RCM @ 18% and claim ITC.
RCM Invoice can be prepared in normal invoice format.
CAclubindia
