Rcm

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 October 2017 My Client is receiving raw material for manufacturing finished goods as well as selling to its customer and in both situation paying frgt to transporter and also paying RCM 12% on Frgt . am i liable to take credit of the same pls guide.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 October 2017 Yes you are eligible to take credit of the same. But you are liable to pay GST under RCM only 5%.

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Querist : Anonymous

Querist : Anonymous (Querist)

20 October 2017 Dear Seetharaman Sir. we have paid GST@ 12% .that we can get back by taking credit, and shall we start paying 5% GST from Oct-17. Pls do reply