ITC of freight charges paid by service receiver
This query is : Resolved
24 September 2019
my friend has paid igst on freight charges paid to goods transport agency can he claim itc .
25 September 2019
First of all we wish to know the following relating to your friend
1. Whether he has GST RC
2. Whether he has GST Output tax liability for the supply of goods or services
If so, the GST paid freight under forward charges ( GST amount charged in the transporter invoice) and paid under RCM ( Not charged in invoice and he has to pay the GST on his own) are eligible for ITC Credit.
The only thing is that GST amount to be paid under RCM ( Csh ledger) and then only credit van be taken
1. Whether he has GST RC
2. Whether he has GST Output tax liability for the supply of goods or services
If so, the GST paid freight under forward charges ( GST amount charged in the transporter invoice) and paid under RCM ( Not charged in invoice and he has to pay the GST on his own) are eligible for ITC Credit.
The only thing is that GST amount to be paid under RCM ( Csh ledger) and then only credit van be taken
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- FORM 26A APPLICABILITY
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
