ITC on RCM
This query is : Resolved
08 February 2020
Any one pls clarify my doubt!
We have freight bill from ABC Transport for Rs.10,000/-
And paid RCM against thils bill in Jan'19 Rs.500/- (5% on Rs.10,000/-)
Re-Credite availed In Feb'19
(I mean RCM paid in previous month & ITC availed against previous month RCM paid)
Now we are reconcile the GSTR-2A for Jan'19.
As per my downloaded GSTR-2A, ABC Transport filed their GSTR-1. So, Rs.500/- showing.
In this case,
May I take ITC in this current year ?
We have freight bill from ABC Transport for Rs.10,000/-
And paid RCM against thils bill in Jan'19 Rs.500/- (5% on Rs.10,000/-)
Re-Credite availed In Feb'19
(I mean RCM paid in previous month & ITC availed against previous month RCM paid)
Now we are reconcile the GSTR-2A for Jan'19.
As per my downloaded GSTR-2A, ABC Transport filed their GSTR-1. So, Rs.500/- showing.
In this case,
May I take ITC in this current year ?
08 February 2020
It is not correct on part to your transporter to show in his GSTR 1 as you had paid GST on it . Since you have already claimed ITC , do not claim it again .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
