Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Transport charges of good

04 July 2017

we have purchased good from out of state. transportation charge gst in their bill for services. we can take input credit as reverse charge. if yes how. can you explain?

Reply
Follow
Share

7 Replies

Ravi SADhiyan (Practice) (4510 Points)
Replied 04 July 2017

If Transporter charge GST than No question arise of Reverse Charge because Tranporter charge GST

If Transporter ( Unregistered ) and issued invoice than Registered Receiver required to Pay GST under Reverse Charge and take Input credit

Upgrade to CAclubindia Pro. Subscribe Now!

Tarak shah (57 Points)
Replied 05 July 2017

thanks for reply. one more question regarding this. transporter charge gst. can we take input credit of this. how should it's accounting ? accounting like JV through or purchase ? we have to match as other purchased?

Lalit Nagpal (Assistant Manager) (541 Points)
Replied 05 July 2017

Freight Charges Dr.

Input A/c Dr

To Transporter A/c

RAJA P M ("Do the Right Thing...!!!") (127911 Points)
Replied 05 July 2017

Booked like service tax bills based entry, simply

Tarak shah (57 Points)
Replied 05 July 2017

thank you so much.

Upgrade to CAclubindia Pro. Subscribe Now!

RAJA P M ("Do the Right Thing...!!!") (127911 Points)
Replied 05 July 2017

Your welcome Bro...

Tarak shah (57 Points)
Replied 07 July 2017

I have to purchased good from out of state in regular basis. goods came under GTA . can I take the credit of this. if yes it is under which head of RCM method. I am using the tally software. also explain the entry.