Rcm
This query is : Resolved
28 October 2017
Dear Expert,
1. GST rate on transportation of purchase is 5% (GTA), It is eligible for Input credit under RCM. If i want to pay gst 12% on GTA can i take input credit on GTA. 2) If i am charge transportation charges in sales invoice, transportation charges paid to transporter for goods supply to our party at other state. This expenditure debited to P&L a/c shall i pay GST on this transport which is paid on sales and advise gst rate.
1. GST rate on transportation of purchase is 5% (GTA), It is eligible for Input credit under RCM. If i want to pay gst 12% on GTA can i take input credit on GTA. 2) If i am charge transportation charges in sales invoice, transportation charges paid to transporter for goods supply to our party at other state. This expenditure debited to P&L a/c shall i pay GST on this transport which is paid on sales and advise gst rate.
28 October 2017
1 yes you can take input credit.
2 5% GST payable under RCM.
2 5% GST payable under RCM.
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