when we will get itc of tax paid under reverse charge for the month of July in gstr 3b.
24 Replies
Ankit Rikhi
(567 Points)
Replied 25 September 2017
if u buy from unregistered person and the amount exceeds 5000 a day.. then the eligibility to pay register person & there is no itc claim input tax under GST.
Ankit Rikhi
(567 Points)
Replied 25 September 2017
reverse charge only basis for some expenses & freight charges.
shifa
(article assistant)
(43 Points)
Replied 25 September 2017
freigt gst paid at the rate of 18 %.
is this ineligible for credit purpose.
is this ineligible for credit purpose.
Ankit Rikhi
(567 Points)
Replied 25 September 2017
Tax paid on reverse charge basis will be available for input tax credit if such goods and/or services are used, or will be used, for business. The recipient (i.e., who pays reverse tax) can avail input tax credit.
Sheetal Devaki
(Proprietor)
(171 Points)
Replied 25 September 2017
5% without ITC only for GTA, if it is paid under reverse charge, still you will get credit.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 25 September 2017
@ Shifa.,
You must get it as ITC....
You ll complete your monthly returns then you can get...
You must get it as ITC....
You ll complete your monthly returns then you can get...
Baldev Prajapati
(264 Points)
Replied 25 September 2017
if GTA (reg.) paid 5% GST than why should we need to pay on RCM basis ?
he declared that he is paid but not shown on bill.
he declared that he is paid but not shown on bill.
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