Input Credit of Gst paid on GTA under RCM
Deepak Patel (STUDENT) (45 Points)
08 August 2017
Can i take input credit of Gst paid on GTA under RCM?
9 Replies
Geetha Varadarajan
(Ministry of finance)
(180 Points)
Replied 08 August 2017
yes you can as well take credit of the GST paid on GTA services on RCM
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 08 August 2017
Yes. You can take ITC from above said query on GTA service....
Sanjay S
(Chartered Accountant)
(1375 Points)
Replied 08 August 2017
Yes. But the GTA service should have been used for furtherence of your business.
Rajkumar Sing
(55 Points)
Replied 11 August 2017
is it necessary to pay GST first then ITC is to be taken
Sanjay S
(Chartered Accountant)
(1375 Points)
Replied 11 August 2017
ITC means input tax credit.. ie., credit for tax "PAID" on inputs.
If no tax is paid yet, then no ITC will be available.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 11 August 2017
@ Rajkumar Sing.,
First pay the tax under RCM then you can take it as ITC.....
First pay the tax under RCM then you can take it as ITC.....
Kamal
(Accounts Manager)
(47 Points)
Replied 26 August 2017
Hi,
How to take RCM opening Input in Tran 1.... Since it has been paid on 5th Jul'17
thanks...
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 01 March 2018
Please refer section 9(3) of GST and
GTA services under GST...
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