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Itc on freight paid

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 August 2017 Hi I have paid 12000 Freight for July 2017. What is the treatment for GST under reverse charge. Do i need to pay 600 from my Pocket & not liable for ITC OR do i receive ITC for 600. Is there any case i can adjust ITC in August for 600 paid for July.
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CA Suresh Jain

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CA Suresh Jain (Expert)
18 August 2017 If all freight are from GTA service and >750 each you need to pay RCM, you can, of course, avail ITC
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Querist : Anonymous

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Querist : Anonymous (Querist)
18 August 2017 its a single bill of 12000. So first i need to pay 600 (RCM) and then book ITC for the same.



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CA Suresh Jain

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CA Suresh Jain (Expert)
18 August 2017 Yes, your view is absolutely correcct

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