Good Evening Sir!
If A GTA has provided service to me and I am a recipient of service,
And GTA gave me A Consignment Note charging @ 5% on RCM..
SO Sir i would pay GST @ 5% so am i Eligible to take ITC or not?????
3 Replies
sujith kumar dasa
(banglore)
(1496 Points)
Replied 15 February 2020
Yes you are eligible for ITC post payment of RCM
Anshuman Basu
(account -GST)
(1556 Points)
Replied 16 February 2020
Yes but if u paid 5%as RCM then u will not take ITC
SOWJANYA M
(840 Points)
Replied 16 February 2020
@ shadab Ansari
in the note the GTA may mention 5% RCM amount. but you have to pay the GTA only the frieght value. RCM amount must be paid by you through portal while filing returns and claim the same paid amount of ITC during the same month itself
in the note the GTA may mention 5% RCM amount. but you have to pay the GTA only the frieght value. RCM amount must be paid by you through portal while filing returns and claim the same paid amount of ITC during the same month itself
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