FREIGHT ON GST UNDER RCM AND CREDIT
This query is : Resolved
Quick Summary
21 October 2022
SIR
WE HAVE MANUFACTURING COMPANY AND WE REGISTERED SUPPORT SERVICE OF GST
WE HAVE 2 TYPES OF TRANSCATIONS
1. FREIGHT INWARD AND OUTWARD (CONSIGNMENT NOTE RECEIVED AND BILL RECIEVED)
2.FREIGHT INWARD AND OUTWARD (CONSIGNMENT NOTEN RECEIVED AND BILL RECIEVED NOT RECEIVED AND PAYMENT MADE THROGH CASH AND PAYMENT VOUCHER)
MY QUERY
1. HOW MUCH TAX RATE WE HAVE PAID UNDER RCM
2. WHITH OUT CONSIGNMENT ALSO RCM IS APPLICABLE
3. HOW RATE WE HAVE TAKEN CREDIT
PLEASE SUGGEST AND SEND NOTIFICATIONS
REGARDS
WE HAVE MANUFACTURING COMPANY AND WE REGISTERED SUPPORT SERVICE OF GST
WE HAVE 2 TYPES OF TRANSCATIONS
1. FREIGHT INWARD AND OUTWARD (CONSIGNMENT NOTE RECEIVED AND BILL RECIEVED)
2.FREIGHT INWARD AND OUTWARD (CONSIGNMENT NOTEN RECEIVED AND BILL RECIEVED NOT RECEIVED AND PAYMENT MADE THROGH CASH AND PAYMENT VOUCHER)
MY QUERY
1. HOW MUCH TAX RATE WE HAVE PAID UNDER RCM
2. WHITH OUT CONSIGNMENT ALSO RCM IS APPLICABLE
3. HOW RATE WE HAVE TAKEN CREDIT
PLEASE SUGGEST AND SEND NOTIFICATIONS
REGARDS
CA R SEETHARAMAN
(Expert)
23 October 2022
1 5% GST applicable under RCM.
2 RCM not applicable in such a case.
3 you can take ITC of 5% paid under RCM.
2 RCM not applicable in such a case.
3 you can take ITC of 5% paid under RCM.
27 October 2022
THANKS FOR REPLY SIR, FROM WHEN IT IS APPLICABLE
WE HAVE PAID 12% THROUGH RCM AND CREDIT ALSO TAKEN 12% IS IT CORRECT?
WE HAVE PAID 12% THROUGH RCM AND CREDIT ALSO TAKEN 12% IS IT CORRECT?
CA R SEETHARAMAN
(Expert)
27 October 2022
No problem in such a case.
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