GST ON TRANSPORT UNDER RCM
This query is : Resolved
Vikash Pathak
(Querist)
18 December 2019
SIR,
MY QUERY IS IF PARTY INVOICE RAISE ON TRANSPORT WITH GST CHARGES THEN IT'S FALL UNDER RCM OR NOT AND WHO WILL PAY LIABILITY AND INPUT CREDIT TAKEN?
MY QUERY IS IF PARTY INVOICE RAISE ON TRANSPORT WITH GST CHARGES THEN IT'S FALL UNDER RCM OR NOT AND WHO WILL PAY LIABILITY AND INPUT CREDIT TAKEN?
18 December 2019
If the transport charges also included in supply invoice, it is forward charge and not RCM. The supplier is to pay GST like output tax on their product. The receiver of the consignment can take GST ITC Credit like purchase of input
Vikash Pathak
(Querist)
18 December 2019
THANK YOU SIR FOR YOUR VALUABLE ADVISE.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
