03 April 2023
We are registered GST company taking contracts from dealers to provide transportation services by road for their goods. We utilize GTA service providers to provide such transportation services who raise invoices on our company basis RCM which we pay and take input credit. We invoice to the dealers under RCM based on the contracts and they pay the GST on RCM basis. Due to this the inputs in the GST credit ledger is accumulating as we are paying GST under RCM to the GTA service providers and taking input credit while our customers are paying the GST under RCM for the invoices we raise on them.
Please advise if this is the correct way of invoicing and not what is the right way to invoice such transactions.
CAclubindia
