Input tax credit of gst on transport charges under rcm

This query is : Resolved

Guest

Guest (Querist)

09 August 2017 Hello sir/mam,
GST is applicable under RCM on transport charges. Whether input tax credit also available for the same. If yes then what will be actual treatment of GST under RCM. Whether we have to pay RCM GST in cash or showing in GSTR 2 is enough?

CA Suresh Jain

CA Suresh Jain (Expert)
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09 August 2017 You have to pay the RCM in cash only and not by adjustment to input credit. The input credit can be taken only after the payment of RCM amount.
N. Jain
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Guest

Guest (Querist)

10 August 2017 thank you sir,
But there are no options of RCM payment on portal & if i pay for july RCM then can ITC be taken in July GSTR

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Guest

Guest (Querist)

10 August 2017 thank you sir,
But there are no options of RCM payment on portal & if i pay for july RCM then can ITC be taken in July GSTR