Jeetendra Mehta (114 Points)
11 October 2017
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 11 October 2017
Gangaraju T C
(185 Points)
Replied 11 October 2017
Vinod Araveti
(Practicing CA)
(1180 Points)
Replied 12 October 2017
Reverse Charge Mechanism for supplies received by registered person from unregistered person has been suspended till 31-03-2018. However reverse charge mechanism for supply of specified goods and services like GTA, legal services, import of service shall continue.
currently there is no clarity whether the reverse charge under section 9 (4) is abolished for all the assessees or SMEs i.e. for those assessees whose turnover less than Rs. 1.5 Crore.
Wait for the notification for more clarity. Any way you have to pay RCM for Sept month
RAJESH SAHA
(10 Points)
Replied 12 October 2017
payment GTA Reverse Charge for september..we have already paid for july & August..we can able to take credit for those?
RAJESH SAHA
(10 Points)
Replied 12 October 2017
Sir,If We not paid GTA reverse chage what will Happen? Our Turnover 5 Crore above..we paid reverse charge for July & August & not take credit as Ineligible ITC U/S 17(2)
Vinod Araveti
(Practicing CA)
(1180 Points)
Replied 12 October 2017
Yes rajesh, you can take the credit of RCM paid in the same month itself
RAJESH SAHA
(10 Points)
Replied 12 October 2017
From where you have findout this notice?i don't get any information from anywhere..
Vinod Araveti
(Practicing CA)
(1180 Points)
Replied 12 October 2017
If you are using the GTA service for exempt supply then ITC can't be claimed.
Have you filed GSTR-3B for Sept month ??
RAJESH SAHA
(10 Points)
Replied 12 October 2017
GTA Purpose credit avaliable ?but sir i have filed GSTR-3B as ineligible U/S 17(2)
RAJESH SAHA
(10 Points)
Replied 12 October 2017
No Sir..I Don't filed for September...GSTR-3B..I have to Pay GTA..?But Our CA Tell Us need not pay reverse chage for this purpuse.Plz Suggest Me sir...
Vinod Araveti
(Practicing CA)
(1180 Points)
Replied 12 October 2017
No problem rajesh, please explain me for what purpose GTA services are availed.
If you have availed the GTA services for taxable purpose then, you can avail the credit by showing those details in GSTR-2 of respective months.
Vinod Araveti
(Practicing CA)
(1180 Points)
Replied 12 October 2017
You have to pay RCM against GTA services. Reacently the Govt has given relief for RCM liability except on few like GTA, leagal service etc..that this relief is applicable from Oct month onwards
Chandra Kant Parmar
(Employee)
(28 Points)
Replied 12 October 2017
Vinod Araveti
(Practicing CA)
(1180 Points)
Replied 12 October 2017
Chandrakanth ji, can you please explain your query in detail
CAclubindia
