CARRIAGE BILL
This query is : Resolved
22 January 2022
WE ARE A DISTRIBUTOR. EVERY TIME WE PURCHASED GOODS WE HAVE TO PAY FREIGHT AMOUNT AGAINST OUR MATERIAL CONSIGNMENT. SO, PLEASE SUGGEST ME WHEN TRANSPORTER CHARGES 12% GST ON FREIGHT VALUE, CAN WE CLAIM ITC ON THAT GST or it is under RCM. AND ALSO WHEN TRANSPORTER CHARGES 5% GST ON FREIGHT VALUE, CAN WE CLAIM ITC OR IT IS UNDER RCM METHOD. PLEASE SUGGEST.
22 January 2022
If the transporter is charging GST on his bill then in both the cases you are not liable to pay under RCM.
23 January 2022
There is no RCM if the tranporter is charging GST and you can take ITC. But where the transporter is charging 5% it is wrong. It should be 12%. Clarify with you transporter. You can also check in your GSTR-2A/2B whether he classifying it under RCM or not.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Average Cost Of High Quality Diamonds
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Banking Related Issue
- TAX AUDIT QUESTION
- Difff in ais receipts and gst turnover
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
