GST ON FREIGHT PAYMENT
This query is : Resolved
Quick Summary
21 June 2022
One transporter from Mumbai raised invoice to us showing separately basic price and IGST @12% in May 2022. We have wrongly accounted total amount - basic + GST as freight expenses and paid GST under RCM @ 5% in May 2022.
Now we have identified the mistake, We are of view that we may reverse the expenses to the extent of GST amount and taking the credit in June 2022.
We request expert opinion whether the our view is correct and eligible to take credit.
Now we have identified the mistake, We are of view that we may reverse the expenses to the extent of GST amount and taking the credit in June 2022.
We request expert opinion whether the our view is correct and eligible to take credit.
CA R SEETHARAMAN
(Expert)
21 June 2022
Yes, you are right take credit of 12%.
SUNDARARAJAN AS
(Expert)
22 June 2022
Thanks for swift response
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