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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
