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Transport charges

04 March 2020

party charged gst on goods and freight in bill can we take input credit on freight...or asked to party give us debit note for freight

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10 Replies

Spurto Consultancy Services (Consultant) (1891 Points)
Replied 04 March 2020

ITC can be taken on the whole invoice.

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SUMIT BADYAL (709 Points)
Replied 04 March 2020

I newly joined company and accountant say we are not take itc on freight...I don't know how we can only take half itc

Bhagyashree Karande (132 Points)
Replied 04 March 2020

If the purchaser give you itc on it then you have to take it but the purchaser is not mentioned it in gst portal then it's not useful to take itc on freight or transport charges

SUMIT BADYAL (709 Points)
Replied 04 March 2020

He mentioned gst on freight in bill surely he mentioned in portal

Bhagyashree Karande (132 Points)
Replied 04 March 2020

It's depend on you how to take it. take it as freight charges or added in total taxable amt

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RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 04 March 2020

@ Mr SUMIT BADYAL.,

If supplier charge GST in freight then You can claim ITC...
No more problem...

Suplier can be file Taxable value in GSTR 1 return as Material + Freight...

1 Like

Bhagyashree Karande (132 Points)
Replied 04 March 2020

Ok sir but in such cases supplier only mentioned taxable values included with freight charges

then what should we do?

SUMIT BADYAL (709 Points)
Replied 04 March 2020

Kahn the @ Raja sir

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 04 March 2020

What should we do?

- No problem accounting in buyer's books...
Buyer can be account separately for the goods value and freight value. Also they can account both under goods value. Bcoz, it's including for the supply...