satyanarayana (Accountant) (149 Points)
18 August 2017Sir,
I received (Coocking Oil's) Goods From Transport Agency . This agency not having any register licence.
Now, shall i pay the GST on Transportation Under RCM. It is Elgible ITC or Ineligible ITC
Can you explain process flow for showing this information in GSTR-3B.
Ompal Singh
(Student CA Final)
(53 Points)
Replied 18 August 2017
Assuming the transportation cost paid by you was in nature of furtherance of business. You are liable to pay GST on reverse charge basis @ 5% and not ITC will be allowed to you
In GSTR 3B the block 1 point d is appropriate place fo such supply. the same will be reflected in 4 (A) 3 and 4 (B) 2
| 3.1 Details of Outward Supplies and inward supplies liable to reverse charge |
Ompal Singh
(Student CA Final)
(53 Points)
Replied 18 August 2017
Assuming the transportation cost paid by you was in nature of furtherance of business. You are liable to pay GST on reverse charge basis @ 5% and not ITC will be allowed to you
In GSTR 3B the block 1 point d is appropriate place fo such supply. the same will be reflected in 4 (A) 3 and 4 (B) 2
| 3.1 Details of Outward Supplies and inward supplies liable to reverse charge |
satyanarayana
(Accountant)
(149 Points)
Replied 18 August 2017
thank you sir,
and
i requesting to you pls explain GST on Rent & Hamali (labour payment) charges under RCM.
CAclubindia
