DEAR ALL,
REQUEST YOU TO PLEASE CLEAR THE FOLLOWING DOUBTS
WE RECEIVING SERVICE FROM GOODS TRANSPORT AGENCY - XYZ LTD (REGISTERED UNDER GST)
HE CHARGES 5% GST AND RAISE INVOICE IN THE NAME OF ABC LTD (REGISTERED UNDER GST)
DOUBTS
1-CAN ABC LTD AVAIL ITC ON ABOVE INVOICE
2-ABC IS LIABLE TO PAY GST UNDER RCM OR NOT IF YES THEN WHAT IS THE AMOUNT ON WHICH HE CALCULATE
3-AND WHAT ABOUT XYZ LTD GST AMOUNT WHICH WAS CHARGED BY HIM @ 5%
4-IF ABC AVAILED ITC NOW WHAT IS THE EFFECT AND HOW HE REVERES AND WHERE TO SHOW IN RETURNS
PLS SUGGEST
CAclubindia
