INPUT CREDIT
op (N.A) (42 Points)
28 September 2018
Can I get credited of GST paid @ 5% On GTA under RCM.
1 Replies
CA Mohammed Khalandar
(Practicing Chartered Accountant)
(203 Points)
Replied 28 September 2018
Dear Sir,
The service recipient can avail input tax credit on the amount that is paid under reverse charge on goods and services. The only condition is that the goods and services are used or will be used for business or furtherance of business.
GST paid @ 5% On GTA under RCM can be claimed
Thanks
Khalandar
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