GTA bill
This query is : Open
17 October 2017
1- GTA gives us invoice and charged 5% can we avail ITC benefit ... GTA registered receipent registered
2- we r in west bangal purchase from jharkhand and hire a truck in 15k we pay amount without builty so is it mendetory to pay RCM in this amount by manuculate bur builty is not avilble
17 October 2017
1. You can take credit
2. RCM is applicable on such transactions also as audit team will not ask for all consignment notes . They will just ask for freight ledger account. although few may differ on this one that consignment note is not available so RCM exempted.
17 October 2017
ohh thanks a lot
17 October 2017
To be on safer side pay RCM and take credit if you are eligible to take credit.
17 October 2017
ajay,
you are welcome
17 October 2017
if we pay RCM on freight 5% .. we r eligible for ITC on it ?
17 October 2017
I have only one doubt in first case. How properly GTA will file their returns. I have seen consignment notes, they are not bothering to write GSTIN properly. It is such badly written that the person compiling the accounts will misread most of them and recipient will not get credit in that case because of mismatches.
17 October 2017
Also the volume is so much that nobody will be there to accept gstr1A changes also.
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