Sourabh Ambure (student and entrepreneur) (132 Points)
22 April 2019What is the rate of RCM on Transport Service, presently, I am calculating Tax @ 5% and taking ITC on tax paid.
Is it the right practice or I should pay @ 12% ?
CA Riyaz Ahmad
(Self Employed)
(197 Points)
Replied 22 April 2019
If are paying tax @ 5% then you can,t claim itc. you are can claim itc if paid gst @ 12%. your practice wrong .
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