Input tax credit of gst on transport charges under rcm
This query is : Resolved
Guest
Guest
(Querist)
09 August 2017
Hello sir/mam,
GST is applicable under RCM on transport charges. Whether input tax credit also available for the same. If yes then what will be actual treatment of GST under RCM. Whether we have to pay RCM GST in cash or showing in GSTR 2 is enough?
GST is applicable under RCM on transport charges. Whether input tax credit also available for the same. If yes then what will be actual treatment of GST under RCM. Whether we have to pay RCM GST in cash or showing in GSTR 2 is enough?
CA Suresh Jain
(Expert)
09 August 2017
You have to pay the RCM in cash only and not by adjustment to input credit. The input credit can be taken only after the payment of RCM amount.
N. Jain
group.blr@gmail.com
N. Jain
group.blr@gmail.com
Guest
Guest
(Querist)
10 August 2017
thank you sir,
But there are no options of RCM payment on portal & if i pay for july RCM then can ITC be taken in July GSTR
But there are no options of RCM payment on portal & if i pay for july RCM then can ITC be taken in July GSTR
Guest
Guest
(Querist)
10 August 2017
thank you sir,
But there are no options of RCM payment on portal & if i pay for july RCM then can ITC be taken in July GSTR
But there are no options of RCM payment on portal & if i pay for july RCM then can ITC be taken in July GSTR
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