RCM on GTA
manoj kumar (36 Points)
23 December 2019
hello sir please guide me that if I paid 5%gst on all the good transportation then as recipient of service am I able to get ITC of this
8 Replies
SOWJANYA M
(840 Points)
Replied 23 December 2019
Even if you don't find any of your transporter RCM details in your GSTR 2A, you can pay RCM according to your paid frieght bills and can claim same amount same month itself
Anup Agarwal
(1184 Points)
Replied 23 December 2019
Yes in both cases, (forward Charge & reverse charge) you can take ITC
manoj kumar
(36 Points)
Replied 23 December 2019
Thank you very much, but here govt didn't get any tax and Where GTA will mention it in his GSTR3B
CMA M.Keerthi chandra
(C.A FINAL STUDENT AND QUALIFIED C.M.A)
(561 Points)
Replied 23 December 2019
In 3B show the freight amount (most probably which are above Rs 750/- for single consignee) at 'Inward supplies with reverse charge' column and also tax at respective columns.
Simultaneously in ITC details show at column 'Other Inward supplies liable to reverse charge' and claim back the same.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 23 December 2019
@ Mr Manoj Kumar.,
Yes... You can very well take ITC as the same which is paid by You...
Yes... You can very well take ITC as the same which is paid by You...
SOWJANYA M
(840 Points)
Replied 24 December 2019
@ keerthi may I know where in act it is specified above Rs. 750 can be considered
CMA M.Keerthi chandra
(C.A FINAL STUDENT AND QUALIFIED C.M.A)
(561 Points)
Replied 25 December 2019
@ Sowjanya M
It is not straight forward mentioned in Act,but mentioned in Notification.Please refer below Notifications:-
11/2017 Central Tax Dt 28th June and also
13/2017 Central Tax Dt 28th June.
Actually it is imported as it is from the earliest Service Tax provisions.
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