ITC ON RCM OF TRANSPORT CHARGES
nirmal chauhan (16 Points)
03 September 2021nirmal chauhan (16 Points)
03 September 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 03 September 2021
Yes, ITC can be availed on payment by tax under RCM by cash.
Seema Gupta
(auditor)
(283 Points)
Replied 04 September 2021
Seema Gupta
(auditor)
(283 Points)
Replied 04 September 2021
ABC manufacturer Company is Consigner and if Consigner avails the freight services as if the Consigner pays the freight charges then he will pay the gst charges and can avail the ITC on reverse charge basis
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 05 September 2021
CA Altamush Zafar
(GST Consultant)
(15976 Points)
Replied 05 September 2021
Yes ITC available subjecto section 16 & 17
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961