FREIGHT ON GST UNDER RCM AND CREDIT

This query is : Resolved

a eranna (Querist)
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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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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.

a eranna

a eranna (Querist)
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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?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 October 2022 No problem in such a case.

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