freght including in goods value
This query is : Resolved
MOHAMMED ASGAR Bhati
(Querist)
03 October 2017
i purchased goods rs. 100000, from delhi registered dealer, including freight, but freight is not mentioned in invoice. only written on invoice is delivered to Rajasthan recepient godown. igst charged 12% Rs. 12000. I am liable for rcm, how i show freight in my books of accounts. no bilty and consignment note received by me. pls explain.
CA Rashmi Gandhi
(Expert)
03 October 2017
No need to pay any tax under RCM if no builty or consignment note issued.
Transport by way of road other than GTA is exempt.
31 October 2026
Where the supplier delivers to your godown and freight is built into the price, it is part of the value of supply u/s 15 and the transport service is received by the supplier, not you, so there is no RCM on your side; book the full invoice value as purchase cost and claim the IGST charged as ITC.
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