banner_ad

GST ON FREIGHT PAYMENT

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
21 June 2022 Yes, you are right take credit of 12%.
Profile Image

SUNDARARAJAN AS

Profile Image

SUNDARARAJAN AS (Expert)
22 June 2022 Thanks for swift response
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior execiutive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details