Service tax as input
venkatesan (business) (57 Points)
14 July 2022venkatesan (business) (57 Points)
14 July 2022
CA. ANKIT PANDYA
(CA)
(682 Points)
Replied 14 July 2022
If freight charges are included in the purchase invoice of supplier and you are paying total amount to your supplier than, no GST is required to be paid on reverse charge. This freight charge will be added to the cost of purchase of the material.
If transporter is raising separate invoice on you and you are paying transport charges directly to transporter, then GST to be paid under RCM and you will be able to take ITC (credit) of GST paid against it.
CA. ANKIT PANDYA
(CA)
(682 Points)
Replied 14 July 2022
If freight charges are included in the purchase invoice of supplier and you are paying total amount to your supplier than, no GST is required to be paid on reverse charge. This freight charge will be added to the cost of purchase of the material.
If transporter is raising separate invoice on you and you are paying transport charges directly to transporter, then GST to be paid under RCM and you will be able to take ITC (credit) of GST paid against it.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)