GUNASEKARAN.S (Accountant) (122 Points)
21 August 2017Dear friends,
My query: I have a Transport Bills like Rs.2280.00 on 02/07/2017 & Rs.8530.00 on 03/07/2017 both the bills belongs to a same party. My party is URD for GST.
In this scenario, I have to pay by RCM method. What is the tax rate? It is applicable for the both bills (2280 & 8530) or only 8530?.
I have a ITC , can I adjust the ITC for above RCM?
jitendra
(executive account)
(174 Points)
Replied 21 August 2017
pay gst on RCM basis on both amount
& take credit in next month
GUNASEKARAN.S
(Accountant)
(122 Points)
Replied 21 August 2017
Kiran Kumar Reddy
(Article Assistant)
(45 Points)
Replied 21 August 2017
I THINK WE CAN TAKE CREDIT IN THE SAME MONTH
jitendra
(executive account)
(174 Points)
Replied 21 August 2017
5000 limit is for section 9(4)
but GTA is under section 9(3)
GUNASEKARAN.S
(Accountant)
(122 Points)
Replied 21 August 2017
where can i read the section details, kindly guide me.
jitendra
(executive account)
(174 Points)
Replied 21 August 2017
CAclubindia
