we are manufacturer, If we pay GST on transportation charges under RCM, can we avail credit of such GST paid.
plz clarify, if it is yes/no than under which section?
Hi,
As per Section 16(11) of the MGL, following four conditions are stipulated for you as a supplier:
(a) The registered taxable person should be in possession of tax paying document issued by a supplier i.e you
(b) The taxable person must have received the goods or services as cxase may be
(c) The tax charged on such supply has been actually paid to the government either in cash or through utilization of input tax credit; and
(d) The taxable person should have furnished the return under section 27.
Thanks
CAclubindia
