Input Tax Credit

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This query is : Resolved

MAYUR MAHESH RUPANI (Querist)

16 August 2017 GTA registered under GST Regime, Registered IGST @ 5% - Purchase of goods - Inter-state as for example- From Supplier of Gujarat to Buyer of Kolkata. Goods supplied via road transport on July 2017. Freight Charges + GST, Suppose: 10000 + GST @ 5% 500 = 10,500. Receiver of goods at Kolkata paid Rs. 10,500/- to transporter. Question:1) Receiver of goods who had already paid GST can avail Input Tax Credit or not? 2) If yes, then Either IGST or CGST, SGST? 3) If No, then Reverse charge on Freight will be applicable to the receiver of goods or not? - As receiver of goods of kolkata has already paid GST. Please suggest.

CA Suresh Jain

CA Suresh Jain (Expert)

16 August 2017 Please clarify :
1. Is Rs. 10k paid for freight to GTA?
2. If paid to GTA why GTA charged IGST?

MAYUR MAHESH RUPANI

MAYUR MAHESH RUPANI (Querist)

16 August 2017 its an example, suppose i paid 700 freight, for inter state transfer of goods on july 2017. Transporter has taken 735 rupees Freight 700 + IGST 35 = 735 and given the receipt. what to do? Please suggest?

CA Suresh Jain

CA Suresh Jain (Expert)

17 August 2017 The transaction less than 750/- of GTA is exempted in therefore RCM not applicable. In this case since you have paid IGST, you are entitled to take input credit even if wrongly charged by the GTA.
N Jain
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