ITC on expenses
NAGESWARAN (ACCOUNTANT) (834 Points)
14 July 2017
transporter charged gst with freight bill. if we claim itc, then freight expenses allowed or disallowed in P&L account
1 Replies
NITIN KOTAK
(SERVICE)
(1465 Points)
Replied 14 July 2017
Freight covered under RCM , so service receiver responsible for payment of tax, why transporter charge for the same. you can denied for tax collection by transporter.
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