GTA bill
This query is : Resolved
Ajay Prajapati
(Querist)
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
anshul aggarwal
(Expert)
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.
Ajay Prajapati
(Querist)
17 October 2017
ohh thanks a lot
anshul aggarwal
(Expert)
17 October 2017
To be on safer side pay RCM and take credit if you are eligible to take credit.
anshul aggarwal
(Expert)
17 October 2017
ajay,
you are welcome
Ajay Prajapati
(Querist)
17 October 2017
if we pay RCM on freight 5% .. we r eligible for ITC on it ?
anshul aggarwal
(Expert)
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.
anshul aggarwal
(Expert)
17 October 2017
Also the volume is so much that nobody will be there to accept gstr1A changes also.
31 October 2026
If the truck is hired directly and no consignment note is issued, the transporter is not a GTA and road transport of goods by a non-GTA is exempt, so no RCM arises; where a GTA does charge 5% under forward charge on its invoice, you can take that ITC (the GTA itself gets no ITC; it may instead opt for 18% with ITC, earlier 12%).
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