CMA Bhavya (Assistant Manager Finance) (862 Points)
18 February 2019Dear CA Club team,
In one of the Freight forwarder bill the Invoice contains 2.5% CGST & 2.5% SGST -GST Payable by the recipient- but we are paying 9% CGST & 9% SGST as RCM and availing the input credit is it correct.
please revert with your valuable suggestions
regards,
Bhavya.P
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 18 February 2019
| Originally posted by : Bhavya | ||
 |
Dear CA Club team, In one of the Freight forwarder bill the Invoice contains 2.5% CGST & 2.5% SGST -GST Payable by the recipient- but we are paying 9% CGST & 9% SGST as RCM and availing the input credit is it correct. please revert with your valuable suggestions regards, Bhavya.P |
 |
I can't understand Your query...
CMA Bhavya
(Assistant Manager Finance)
(862 Points)
Replied 18 February 2019
Dear Sir,
In Invoice they have charged 5% (2.5%+2.5% CGST &SGST) with a note saying GST payable by the recipient. But we have Paid (9%+9% CGST &SGST) as RCM to avail the Input credit on GTA.
Hope its clear now sir
ANISHA RAY
(67 Points)
Replied 18 February 2019
pritesh
(CA Final student)
(7101 Points)
Replied 18 February 2019
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 19 February 2019
| Originally posted by : Bhavya | ||
|
Dear Sir, In Invoice they have charged 5% (2.5%+2.5% CGST &SGST) with a note saying GST payable by the recipient. But we have Paid (9%+9% CGST &SGST) as RCM to avail the Input credit on GTA. Hope its clear now sir |
|
You can just pay @ 5% & take ITC as the same. No need to pay 18%.
But, Just clarify tthe same..
Is party Charged tax or not...?
CAclubindia
