Itc on inward & outward freight


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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2017 Dear sir,

Registered Manufacturing company are eligible to take INPUT tax credit on not on freight charges (inward freight- raw material & outward freight - finished goods) paid in RCM basis
please provide the details.

Thanking You,



17 July 2017 ITC can be taken on freight paid under RCM.
Registered Manufacturing company are eligible to take INPUT tax credit on freight charges (inward freight- raw material & outward freight - finished goods) paid in RCM basis


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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2017 Thank you so much sir

18 July 2017 But why in the notification prescribing rate of GST on services particularly on GTA Service i.e. 5%, No ITC mentioned ? Why it is so ?


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