RCM ITC
s.murali (commercial manager) (186 Points)
24 March 2018
GTA charged IGST 5%,under RCM.We are raised RCM invoice.Is eligible for ITC ?
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 24 March 2018
TAX PAID UNDER RCM IS ELIGIBLE FOR ITC. HOWEVER , THE SELF - INVOICEING IS ESSENTIAL FOR RECORD AND COMPLIANCE PURPOSES .
YES, ELIGIBLE FOR ITC
C R RADHAKRISHNAN
(ACCOUNTANT)
(210 Points)
Replied 24 March 2018
we are transport contractor to Godrej,hindustan lever,britania industries,etc all are registred corporates, so we are billing only for Freight contract amount. for E.g. chennai to delhil Rs.75000/= freight we make Rs.75000/= only and Ther corporates will pay 5% Under RCM. WE ARE GTA. We are no liability to pay gst.
SO, how can we file GSTR1 FROM JULY-2017 TO TILL NOW. KINDLY EXPLAIN.
C R RADHAKRISHNAN
(ACCOUNTANT)
(210 Points)
Replied 24 March 2018
in 4b can i tick supply attract reverse charge and 0% colom i put the amount or 5% coloum tell me
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 25 March 2018
C R RADHAKRISHNAN
(ACCOUNTANT)
(210 Points)
Replied 25 March 2018
WE ARE GTA BUT REGISTERED CORPORATES PAID 5% OR 12% WITH ITC WHICH I DON'T KNOW. THEN CAN I PUT 0% I.E. EXPEMPT COLOUM.
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 25 March 2018
C R RADHAKRISHNAN
(ACCOUNTANT)
(210 Points)
Replied 26 March 2018
we are cement dealer we paid freight charges to lorry for taking cement from SUPPLIERS GODOWN TO OUR SHOP. IS GST APPLICABLE.
ALSO IF WE PAID FREIGHT TO URP WHAT % GST APPLICABLE
IF WE PAID GSTIN HOLDER WHAT % GST APPLICABLE
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 26 March 2018
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