Hello memebers,
GST, in case of GTA , to be paid by receiptient under RCM
whether it can be paid by Supplier ??
whether can we avail credit of same ??
4 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 03 February 2018
As I understand, RCM is applicable in case of GTA. Hence, recipient is liable to pay GST. With regard to availing credit of input tax credit on such payments by recipient, it depends on nature of goods transported. Refer for details: https://cleartax.in/s/goods-transport-agency-under-gst
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 03 February 2018
agreed !!
but if the gst paid by the supplier under RCM so what will be the consequences ??
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 03 February 2018
If supplier pays GST under RCM, then he shall be treated as the recipient who in turn will be eligible to avail input tax credit.
Divakar
(Student CA Final )
(11857 Points)
Replied 03 February 2018
The person who pays freight is liable to pay gst under rcm
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