Shankar Sharma (505 Points)
08 February 2020We despatch materials by lorry transport and we pay freight charges. Transporter having gst registration, issues only an Lorry receipt ( L/R) and does not collect any gst. Freight amount will be around Rs. 1000/-. Should we pay gst under RCM and claim ITC, if so at what percentage?
Shankar Sharma
(505 Points)
Replied 08 February 2020
Thank you Mr. Raja, isn't there some limit, below which one need not pay gst under RCM? And this 5% is it to be shown as sgst and cgst 2.5% each?
RAJA P M
("Do the Right Thing...!!!")
(127911 Points)
Replied 08 February 2020
Shankar Sharma
(505 Points)
Replied 10 February 2020
Mr. Raja, can we take ITC for this 5% in the same return as we pay gst under RCM?
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