Gst on goods transport by truck
This query is : Open
08 August 2017
Hi
I am registered dealer under GST. I had paid Truck Freight as under.
A.Rs.700 to a unregistered goods transport agency on 7th July,2017.
B.Rs.4500 to a unregistered goods transport agency on 10th July,2017.
C.Rs.40500 to a registered goods transport agency on 15th July,2017.
All the above goods transport agency not charged any GST on the truck freight.Now on which of the above transactions;Should I Charge RCM(Reverse charge mechanism)
and how the accounting entries will be passed.Also whether can I claim Input credit of the above RCM;If yes how the accounting entries will be passed ?
I am registered dealer under GST. I had paid Truck Freight as under.
A.Rs.700 to a unregistered goods transport agency on 7th July,2017.
B.Rs.4500 to a unregistered goods transport agency on 10th July,2017.
C.Rs.40500 to a registered goods transport agency on 15th July,2017.
All the above goods transport agency not charged any GST on the truck freight.Now on which of the above transactions;Should I Charge RCM(Reverse charge mechanism)
and how the accounting entries will be passed.Also whether can I claim Input credit of the above RCM;If yes how the accounting entries will be passed ?
08 August 2017
C. is under RCM.... @ 5%.
other two is not under RCM.
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