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Transportor Input

Jitender Kumar Yadav (38 Points)

22 October 2019

VRL Logistics A transport company
Can we take the input of Invoice shown by VRL In 2A Please confirm.

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6 Replies

Hardik (Professional) (918 Points)
Replied 22 October 2019

Depends on which option you've opted. If you're paying 12% tax on forward charge basis then you can take ITC as appearing in 2A (subject to fulfillment of conditions) or else you're not allowed to take ITC if you have opted for 5% option..

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Jitender Kumar Yadav (38 Points)
Replied 22 October 2019

Thank youand second
reverse charge payable or not?

Hardik (Professional) (918 Points)
Replied 22 October 2019

Reverse charge tax is not payable by transporter.. It's payable by customer

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Jitender Kumar Yadav (38 Points)
Replied 23 October 2019

We are customer of VRL Logistics
in 2A Input Showing by VRL.
So can we liable for Reverse Charge.

Hardik (Professional) (918 Points)
Replied 23 October 2019

Okay,

Yes you're liable to pay 5% GST (CGST 2.5 +SGST 2.5 or IGST 5 as the case may be..) through e-cash ledger... you can't use credit ledger to pay RCM tax