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.
CAclubindia
