My doubts :-
1.whether reverse charge for transportation is applicable from April 2018.
2.If GTA is regd in GST but not charged any tax..whether I have to pay 5 percent tax as reverse charge and claimITC as reverse charge.
3.Whether this tax is to be paid in cash or can be adjusted from ITC credit available if any..
4..Whether this amount paid in cash is to be claimed in ITC in same month or in next month.
5.Rate of 12 percent reverse charges on transport charge applicable in which cases...?
Please guide and help me.Thanks
1. yes
2.yes and ITC can be claimed
3.only cash and can't be adjusted against ITC
4.same month possible or you can also take in next. no issue
5.no 12% RCM. 12% applicable if GTA charge on invoice itself.
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